Speeches by Glen.

“Yes.”

“Or what is in between.”

“For the wider benefit, would you like to explain that the PRIIPs regime was deficient in that it was a set of rules nobody used obligating firms to produce key information documents that nobody found meaningful?”

“Thank you very much, Chair. Can I focus on the risk trade-off, if you want to characterise it as that? One of the big challenges in the Mansion House speech was when the Chancellor spoke about the post-financial crisis tendency to develop a system that has tried to eliminate risk taking. Do you agree that that is what …”

“Blame me!”

“Yes.”

“That is helpful. I have one final question, Chair, back to Mr Rathi. In terms of the way that the FCA operates in the approval of firms, you talked in your opening remarks about authorisation and associated risks. If we take another model, we are always trying to find out where, internationally, we should look. Br…”

“Of course, there will be plenty of people who will have been quite satisfied because they did not know what had happened. They did not know what they did not know. Now they are retrospectively going to have the opportunity, as with PPI, to take advantage, potentially, of a redress mechanism. It does beg the question ab…”

“Is there not an asymmetry between the new firms and the old firms? How do you get the regulation right? Some of the fintechs would say they have better systems that do not necessitate the same degree of regulation as some of the older firms and there is a tension between them. How do you reconcile that?”

“Could I just follow up on that question, Mr Rathi? You have helpfully explained how this area of regulation came under your purview, essentially. This goes to a more fundamental question about Governments, as with funeral plans in my time, giving you another responsibility, at least to the point where you have 4,800 or…”

“I thank my hon. Friend for introducing this subject. My constituent Annie Riddle has lived in the Harnham district of Salisbury for 34 years, and her four dogs have been left in the state of trembling wrecks as a consequence of the random use of fireworks. Does my hon. Friend agree that better public education on just …”

“The right hon. Lady will be aware from her constituency of the economic value that HOME has brought as a venue for theatre and the arts. In Salisbury, we have a new executive director of Salisbury Playhouse. Will she ensure that, when thinking about regeneration, Ministers from the Department for Culture, Media and Spo…”

“The hon. Gentleman is being very generous with his time. In view of the point that has just been made by my right hon. Friend the Member for Stone, Great Wyrley and Penkridge (Sir Gavin Williamson), will he not consider, at the very least, looking at some dispensation for farmers above a certain age, given the lack of …”

“It is a privilege to contribute to the debate. I represent Salisbury and south Wiltshire, which has a large number of farmers. A large number of them visited me here in the House of Commons and, a week later, I had the largest meeting of farmers I have ever had in Salisbury. They were gravely disappointed and concerned…”

“I recognise there are political differences across the House, but the hon. Gentleman surely has to be concerned about the overall impact of the decision on national insurance on the ability and inclination of those who invest in the real economy to generate the wealth and tax revenues that will sustain the economy goin…”

“Let me tell the Minister what concerns me most. There has not been an impact assessment, but if the major driver for the Government, whether we accept it or not, was to raise some money from this source, why were other more effective mechanisms not used, such as business roll-over relief, where a business could be sold…”

“And your members would be liable for then apparently making a bad judgment in year one.”

“One thing that has been cited in the conversation this morning is the negative consequences for consumers of being dependent on cash—“safe”—savings and low-risk products, and not defaulting to others. My experience of the consumer protection narrative is that—if I think of Mr Postings and some of his members—there is a…”

“I want to follow up on one thing you said about the reforms at Mansion House. We have always said that this whole aspiration of pooling pensions funds is the right thing to do, starting with local government. Mr Celic, you talked about culture. Are the Government being robust enough in placing hard stops here to say, “…”

“Sorry to interrupt, but in the context of the increase in national insurance contributions, it is unrealistic to expect that to be added in the short term. Basically, you are saying that we should have a 10 or 15-year plan, with the changes in pension age, for example, so that industry is certain about those milestones…”