Speeches by Rigby.

“The shadow Minister makes reference to a number of changes in the Budget that were pragmatic, responsible and fair. I contrast that with the Conservatives’ approach, which would return us to austerity. That would be both irresponsible and unfair.”

“The recent Budget backed British innovation and aspiration by supporting businesses to start, scale and list in the UK. We have put in place a three-year listing tax relief for firms that list here, and we are expanding enterprise tax reliefs to incentivise investment in scaling firms. That means more jobs, more growth…”

“At the Budget, we introduced the UK listing relief, which incentivises companies to list in the UK. The UK raised more equity capital in 2024 than was raised in the next three European exchanges combined. I look forward to seeing the brilliant entrepreneurs in my hon. Friend’s constituency benefit from these deep pools…”

“We published the financial inclusion strategy last month, outlining ambitious measures that will improve financial inclusion right across the country. I am very grateful to my hon. Friend for her advocacy on this issue through the all-party parliamentary group on debt and financial inclusion. In line with the prioritie…”

“As my hon. Friend knows, I have been very sorry to hear of the difficulties of those affected by the withdrawal of that product. I pay tribute to her for all her efforts and those of her colleagues. They are doing everything possible to assist constituents. My officials are monitoring the matter very closely. We encour…”

“As someone who enjoys both rugby and gin, sometimes at the same time, I pay tribute to my hon. Friend’s support for the businesses in his constituency. To support spirits producers, the Government have put in place a range of measures. As for small producer relief, I know that the Exchequer Secretary to the Treasury is…”

“I beg to move, That the Committee has considered the draft Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025.”

“I welcome the consensus on the draft regulations. Four principal points were raised in relation to the draft order. The first was on the international position, and the recommendations we are putting in place in this draft order are in line with the IOSCO and OECD recommendations. The EU framework has been legislated f…”

“The point in relation to oil and gas is exactly the same as that for defence. There is no conflict between what we are doing here and investment in those areas. If anything, it will be helpful across the board. Fiduciary duty was the final point raised, so I will leave it there. Question put and agreed to. DRAFT FINANC…”

“It is a pleasure to serve under your chairmanship, Mrs Harris. I turn first to the environmental, social and governance ratings order, which I note the Secondary Legislation Scrutiny Committee flagged as an instrument of interest in its 41st report. The draft order will bring the provision of ESG ratings within the reg…”

“We remain open to the prospect of regulatory alignment with other regimes. We want to get this done first, but the hon. Gentleman raises an important point. As I say, the Government have acted quickly to deliver progress. As hon. Members will know, a consultation was issued by the previous Government; this Government h…”

“The honest answer is that I am not sure that we have put a metric on it—I do not think we have. We would probably expect the change to be gradual, as more and more people become aware of the benefits of investing. No one is talking about mandating investing; obviously it remains a matter of personal choice. At the mome…”

“May I first make a point that I should have made in relation to Mr Coghlan’s point? I want to thank all the civil servants who are part of OFSI. As I am sure you know, nearly £30 billion of frozen Russian assets have been actioned by OFSI. That is a critical part of harming Russia’s war effort in Ukraine. I just wanted…”

“As I alluded to, OFSI is making sure that the guidance that is out there for businesses is full and comprehensive, such that compliance can be more efficient and easier. I would say that that is the key way in which preparation is being conducted.”

“As you know from its annual report, OFSI has made great strides forward, when it comes to its objectives. In the last year alone, it has issued sanctions of nearly £1 million-worth of sanctions. When I talk about great strides forward, I do not just mean in relation to amounts of money by way of sanctions; importantly,…”

“It is important to be clear that it is not a case of ignoring concerns at all. A decision has been taken in the round that the FCA is the best central home for AML. That means that professions like those you mention, and my former profession of solicitor, will have their regulatory home body switched from the Solicitor…”

“No, we are not concerned that it will further overstretch the FCA. This step has been taken because of the recognition of the importance of anti-money laundering to cracking down on fraud and corruption more broadly, and the recognition that the FCA is the authority best suited to do that supervision. As you know, at t…”

“Thank you for raising the issue. I have received a number of letters and have spoken to a number of our colleagues about exactly this issue. I know how many people are affected and the demographics of who is affected. I have raised this matter with officials at the Treasury. Ultimately, it is a matter for the FCA to de…”

“We engage continuously with building societies as you would expect on a range of issues and we have in relation to ISAs. As I said, that is a continuous programme of engagement by virtue of the importance of building societies.”

“There are, as you know, very different bits within that. There are credit unions, but there are all sorts of other types of different co-ops.”