Speeches by McDonagh.

“You have referred to the consumer duty and outcomes-based policy. To what extent would you prefer a rules-based or an outcomes-based system of regulation? To the point you made, Debbie, do you think it is the other rules that are old-fashioned and need to be changed?”

“I have sat on this Committee in this Parliament and in the previous Parliament, and I have never praised the work of any of the bodies whose representatives came to give evidence, but I just want to thank Mr Haire and his Skipton Building Society, because every time I read about an innovative way of giving young people…”

“Good. There is no greater praise!”

“How is the consumer duty impacting you? You made a reference earlier to it making you look at what sort of mortgages you are offering and to whom. Generally, how has the consumer duty changed how you do things?”

“Any unintended consequences?”

“You have referred to the consumer duty and outcomes-based policy. To what extent would you prefer a rules-based or an outcomes-based system of regulation? To the point you made, Debbie, do you think it is the other rules that are old-fashioned and need to be changed?”

“We have made some reference to this, but how has the consumer duty changed how you treat vulnerable customers?”

“I have sat on this Committee in this Parliament and in the previous Parliament, and I have never praised the work of any of the bodies whose representatives came to give evidence, but I just want to thank Mr Haire and his Skipton Building Society, because every time I read about an innovative way of giving young people…”

“Good. There is no greater praise!”

“How is the consumer duty impacting you? You made a reference earlier to it making you look at what sort of mortgages you are offering and to whom. Generally, how has the consumer duty changed how you do things?”

“Any unintended consequences?”

“We have made some reference to this, but how has the consumer duty changed how you treat vulnerable customers?”

“As we know, both in your sector of finance and in ours of politics, once trust is gone, it is very difficult to rebuild. That is why it is important that any resolution service to companies who have been mis-sold products is as it appears. One of the most challenging discussions I have ever had with small businesses in…”

“Can you understand that for the companies and the individuals who trusted their banks—who thought they had a relationship that was built on trust and mutual benefit, only to take on a product that destroyed them and later not get compensation—they might not believe that is the case?”

“Thank you. How has the consumer duty changed how you operate?”

“Thank you, Madam Deputy Speaker, for your kind words about Margaret. I thank everybody who has taken part in the debate. I appreciate that they have been taken from their constituencies, where there will be great celebrations for the 80th anniversary of VE Day. I thank the Backbench Business Committee for the debate. I…”

“I beg to move, That this House notes that Brain Tumour Awareness Month took place in March; further notes that there has been no progress in NHS treatment of brain tumours in 20 years and that they are the biggest cancer killer of people under the age of 40; calls on the Government to demand that the National Institute…”

“I have a unique case to make in this debate on behalf of my constituents and Merton council. We do not want the new emergency hospital at Belmont, which is in phase 2 of the hospital rebuilding programme. In direct contrast to the hon. Member for Reigate (Rebecca Paul), I have fought this scheme for 25 years against al…”

“The house building programme and the planning reforms have brought a bit of hope and optimism in quite a difficult set of circumstances in the OBR report. Can I urge you to go faster, Chancellor?”

“The £2 billion identified for socially owned homes was gratefully received, but it will build only 18,000. That will have an enormous impact on the 18,000 families who have that opportunity, but it is still only a tiny number in comparison with those that we need. Social housing obtained through planning gain is one of…”