Speeches by Baldwin.

“This is all motherhood and apple pie, but I am not hearing specific metrics on which you would evaluate the chief executive in that discussion. What I was listening for but did not hear was how your metrics are going to shift with the new remit letter from the Chancellor.”

“What sorts of things are you looking at when you do that?”

“Mr Alder, do you do a performance review of your chief executive on a regular basis?”

“It is not even half the time that people are required to be in the office.”

“In terms of resources, would you say the 30% increase is directly down to the additional responsibilities that you have been given by successive Governments and Parliaments?”

“Is that now enough people, or are you planning to increase headcount on a similar trajectory in the future?”

“Is that 40% in the office?”

“We should not be worried.”

“It sounds as though there was a step change and that your trajectory is a flatter one going forward. You had a loss in your accounts because of the pension scheme accruals. Dame Meg and I are both trustees of the Parliamentary Contributory Pension Fund.”

“Very quickly, because I think it was a surprise to the Committee when we took evidence from the consumer groups last week. We asked them if they had seen any impact from the implementation of the consumer duty, and they had not. Yet you have referenced it many times in your testimony today. Where is the disconnect ther…”

“We look forward to hearing that.”

“It has been a really good time for the markets, so I was a bit surprised to see that you had had actuarial losses on the FCA pension scheme. Should we be worried?”

“Can we focus a bit on the organisation itself for a moment? You have increased your costs to the industry and your headcount by about 30% over the last two years.”

“What is the FCA policy on working from home? How many people would be working from home on any given day?”

“Has absorbing that number of extra people over the last few years been straightforward—onboarding that many staff? Have there been any particular areas where it has been hard to recruit?”

“Five months in and after a Budget that the Office for Budget Responsibility says will lower growth over five years, increase inflation and reduce the number of people in jobs, it is extraordinary to see a document that has so many areas not covered. I want to probe the right hon. Gentleman specifically on his goal of i…”

“But they are not in the criteria for banking hubs.”

“On the point about leisure centres, if I may observe, I went to a council leisure centre once that would not take cash, but that insisted that you had a £1 coin for the locker.”

“Just slightly flipping this whole issue on its head and thinking about the businesses that have chosen not to accept cash, the reasons why they might have made that choice are presumably to do with the expense of handling cash. In addition, in a constituency like mine, there will be lots of communities where the last b…”

“On that excellent point, I should elaborate on my question, because you can have a community where the last branch closes, and the community does not qualify for a banking hub because there are cashpoints to take cash. But there is nowhere for the businesses to deposit cash. My question was whether you have made repres…”