Speeches by McDonagh.

“Order. May I just say that the hon. Member had very generous time allocated to him during this debate? If the Minister does not want to take an intervention, he does not need to.”

“Order. Mr Wrigley has asked me if he can sum up at the end of the debate—his chances were in his hands. Because the debate is so popular, I will now impose a two-and-half-minute time limit on contributions. I call Dawn Butler.”

“I call the Government spokesperson—[Interruption.] I call the Opposition spokesperson.”

“I call the Liberal Democrat spokesperson.”

“At 2 pm today, many Members of this House will be attending the funeral of our dear friend Phil Woolas, the Member for Oldham East and Saddleworth from 1997 to 2010, who passed away from a glioblastoma brain tumour on 14 March. I am sure that everybody would wish to send their condolences to his widow Tracey, sons Josh…”

“No, because I think it removes the need that many people have for face-to-face interaction and relationships that give confidence. There are a significant group of people who have access to the internet and may go online to see what their friends and family are doing, but that does not mean that they want to do their f…”

“The NHS app is a great example, but using it is not the same challenge as moving money around, which comes with much more risk.”

“Except that that does not exist.”

“Are we in the same position that we were in with the previous set of questions about financial education? There is a patchwork of loads of different organisations, so significant numbers are falling through the net. If we have 250 or 350 banking hubs, I do not know how many branches of Age UK or whoever there are, but …”

“I do not see banking hubs as the same thing as addressing digital exclusion. Am I wrong?”

“Transparency International and others have identified trusts as a remaining blind spot in beneficial ownership transparency. Therefore, what specific changes would most improve your ability to identify ultimate beneficial owners and take enforcement action?”

“The All-Party Parliamentary Group on Investment Fraud and Fairer Financial Services recently published a report arguing that financial scandals over the past two decades have followed a recurring pattern: early warnings missed, slow regulatory intervention, significant consumer harm and only limited reform. Do you acce…”

“We have seen cases where residential buildings are owned through offshore companies that are ultimately controlled by trust structures with no publicly available information on who the truly beneficial owner is. In one example in my constituency, in a Criterion Capital-linked property, tenants have been unable to ident…”

“The Treasury has taken a power to exclude certain FCA rules from the ombudsman’s adapted fair and reasonable test, including potentially high-level principles such as the consumer duty. Given that the consumer duty is now central to your regulatory approach, does excluding it from the ombudsman’s decision risk undermin…”

“That brings us back to the concern about vulnerable complainants and complainants feeling that there is a real possibility of redress against some pretty big financial organisations, which can seem like David and Goliath, can it not? Have you been consulted on how this power would be used in practice, and would you sup…”

“Could I follow up on John’s questions about romance fraud and the impact it has on individuals apart from the money side of things? How far is that exacerbated by the closure of bank counters and face-to-face banking services? In my experience, when somebody went along to make a payment at the local Barclays and the la…”

“I am sure a familiar face and a kind word might have more impact on that.”

“I have some suggestions for who you could look at.”

“I remind Members that they should bob if they wish to be called in the debate. I also ask you to be mindful about issues of sub judice; we have been given some flexibility by the Speaker, but I urge you to err on the side of caution when referring to ongoing cases.”

“I call Jim Shannon—a brief Jim Shannon.”