argyrotsipi/train-dataset huggingface dataset:
Financial Services Bill — House of Commons, 2021-01-13
Topic: Domestic Commerce
Abimbola Afolami (Conservative, Centre-right): I rise to support the Bill and to focus my brief remarks on the wholesale market, rather than the retail market, which most Members have addressed so far. In particular, Government amendments 22 and 23, which the Minister mentioned in his opening speech, clarify beyond any doubt that non-UK firms—all firms that do not have the UK as their principal place of business—are not within the scope of the rules on the parent undertaking. That is particularly relevant to me. I brought the subject up in my Second Reading speech and it is something on which I have corresponded with the Minister and his team. I am very glad that he and the Treasury have engaged on the Bill in this way. It is a telling example of how good Ministers behave, and the Minister has been exemplary in taking on board comments on the Bill from a range of Members. I commend him for that I have a couple of short comments on what others have said. On new clause 16, tabled by the SNP, in my speech on Second Reading I gave my view that there is a need for increased scrutiny by this House of the regulators, but the Minister is right to say that we need to consider that in its entirety in the consultation on the future of the regulatory framework. That is the right way to do it. It is very important to get it right, and I look forward to sending in my remarks if I have not already, and seeing the Government’s response to those points I shall finish by addressing certain amendments that were introduced in Committee or that have been mentioned today, on the European Union—new clause 12, new clause 20 and many others—whereby, effectively, Opposition Members have tried to impose requirements on the FCA or the PRA to assess the impact of the differences between the EU and UK regulatory frameworks. The conceptual problem with that is—as I think that all hon. Members, and indeed the Government, need to see—that over the next five to 10 years we are going to be in a very different regulatory world. We need to think of attracting companies and investment on a global basis, not with a purely European focus as was the case in the past The Minister has already mentioned our success in relation to FinTech. The Chancellor has mentioned his focus on making sure that the London stock exchange is more attractive and effective for others coming from abroad. The European Union’s drivers and incentives are not the same as ours in this country, so it would be wrong for us to necessarily seek to follow the rules blindly. It is not a race to the bottom; it is a race for us in this country to win the global competition for safe, beneficial, productive capital and business. That is what the Bill helps set us up for.
Financial Services Bill — House of Commons, 2021-01-13
Topic: Domestic Commerce
Kevin Paul Hollinrake (Conservative, Centre-right): I very much appreciate the efforts that the Minister is making to try to tighten up in many areas. We are on the same page about many different aspects of the measures that we are talking about. Looking at the Bill from afar and taking a helicopter view, for decades, we have been willing to preside over a system that I would describe as financial feudalism. Some people live by a completely different set of rules and are not held to account properly by the rules that are in place. Unless we start to put measures in place that hold individuals to account for some of that egregious behaviour, we will not stamp it out That behaviour undermines the faith in the very system that we believe in—the free market system. We cannot simply hold our hands up and say, "It’s the bankers again," or, "It’s the money launderers again." We have to tackle those issues and put measures in place to do that. We did with the Bribery Act 2010, which was effective in giving individuals a corporate responsibility to stamp out bribery. Again, the Government acted on tax evasion in 2017 There are still other areas, however, where we allow people to steal, defraud, launder and lie. That is not to say that there are not some good people in our financial institutions, and there are some very good bankers, but we need to hold individuals to account for things such as LIBOR, foreign exchange rigging, and the disgraceful scandal at HBOS and the Royal Bank of Scotland, where only one individual has been held to account with a directorial ban. As I have said before, over a similar period of time, between 2008 and 2018, there were £9 billion of criminal and corporate fines in the US, but £260 million in the UK I am glad that the Government support the principles behind new clause 4 and will bring their own measures forward. It is absolutely vital that that is not just kicking things into the long grass and that those measures are brought forward quickly so that we can hold individuals to account for failing to prevent corporate fraud and money laundering The key thing that I will talk about in my last 54 seconds is mortgage prisoners. Again, the fact that we let people’s mortgages be sold to vulture funds in the first place is because we do not have proper regulatory oversight and we do not lean on them as the FCA can on regulated firms. The promises that were made to Lord McFall and others were simply not carried through New clause 25 in particular is a nuclear option. I am not a person who would like to cap anything—the market should deliver those solutions—but we do not have a proper solution for the many people who are trapped on very expensive rates. The evidence that we have says that it would not affect the marketplace of residential mortgage-backed securities, about which the Minister is concerned; that it would be highly effective; that we could define it for a certain cohort; and that it would relieve hundreds of thousands of people from dire financial straits overnight. I ask him to look at that again.
Financial Services Bill — House of Commons, 2021-01-13
Topic: Domestic Commerce
Robert James MacGillivray Neill (Conservative, Centre-right): There are a lot of good things in the Bill that I welcome, and I refer to my entry in the Register of Members’ Financial Interests. I welcome the assistance given to financial services in Gibraltar, and I welcome a number of the technical changes to the operation of retained European law in relation to markets. I particularly welcome new clause 6, on FinTech, which is a really important growth sector for this country. Added to the listing regime changes in the Bill, this gives us the opportunity to encourage the bringing forward of initial public offerings of FinTech companies in the UK and to build a critical mass. I have sympathy for new clause 4, but I do not want to pre-empt the work of the Law Commission. That said, the Government do have to act more swiftly and with more urgency in relation to reform of corporate criminal liability. It has been kicking around for a long time. The Justice Committee has heard compelling evidence on the need for reform. I do not accept the contention that there is a balance on this. The balance of evidence is clearly in favour of reform. Both the current and former directors of the Serious Fraud Office have highlighted the deficiency in criminal liability in this field, as have at least two former Attorneys General. I hope that as soon as the Law Commission reports, we will move swiftly to enact this reform, because we lag behind other jurisdictions in this regard The other area where I do not think it is necessary to legislate is progress on equivalence. Although we may not need to legislate, it is really important that the Government address this with urgency. Of course, as we build our way forward outside the EU it will not always be appropriate to follow everything by way of regulatory equivalence, but there are many instances in which it will be very much in the interest of the City and the broader financial services sector to do so In the immediate term, is important that we acquire further equivalence agreements with our EU partners; that is in the interests of both sides. Currently, we have a commitment to a memorandum of understanding by the end of March, but the EU says that it has no immediate plans for further equivalence discussions. That needs to be resolved. Although it does not require legislation, we need from Ministers greater commitment to resolving the issue. There has sometimes been a feeling that financial services are being taken for granted in the Brexit negotiations; that needs to be put to bed. Financial services are the jewel in the economic crown of this country and need to be front and centre of our ongoing economic policy.
Financial Services Bill — House of Commons, 2021-01-13
Topic: Other
Nigel Martin Evans (Conservative, Centre-right): Order. I am sorry to interrupt the Minister; I know he wanted to thank more people, but we will have to take that as read, because under the Order of the House of 9 November 2020 I must now put the Questions necessary to bring proceedings on consideration to a conclusion.
Business of the House (Today) — House of Commons, 2021-01-13
Topic: Other
Nigel Martin Evans (Conservative, Centre-right): The House now stands suspended for the fumigation—that is not the right word, I know, but the cleansing of the Dispatch Boxes, and for Members to leave and others to come in a safe, covid-friendly manner.
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Other
Jacob William Rees-Mogg (Conservative, Centre-right): I beg to move motion 4, That, notwithstanding Standing Order No. 10 (Sittings in Westminster Hall) and the order of this House on 23 September 2020, there shall be no sittings in Westminster Hall with effect from Thursday 14 January until the House otherwise orders.
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Other
Jacob William Rees-Mogg (Conservative, Centre-right): There are a number of Members on the call list, and it is important that we were able to hear from them. I therefore intend, perhaps uncharacteristically, to keep my opening remarks succinct. I have brought forward these motions reluctantly, following representations made to me from across the House. I want to be clear to hon. and right hon. Members that I do not believe it would be right for me to bring forward unilaterally these sorts of restrictions to our business without there being requests to do so. The matter was discussed at length by the House of Commons Commission on Monday, and I do not think there can be any misunderstanding of the views of members of the Commission, including those from Opposition parties, that these motions should be brought to the House, although this is a matter for the House and not for the Commission. I understand that there will be some disappointment about the effect of these motions, but I hope that all sides can support them today, in view of the current circumstances.
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Mixed Topics
Jacob William Rees-Mogg (Conservative, Centre-right): I am very reluctant to try to make party political capital out of this. I think everybody is behaving in a serious-minded manner to ensure that the House is as covid-secure as it can be and that, under the exceptional circumstances, we carry out our business to the extent that we can but put limitations on it where that is prudent, so I do not wish to seek to cast aspersions or blame These motions reflect the reality of the current lockdown and the desire to limit physical attendance on the estate, in line with the current covid guidance. They also reflect the necessary focus on ensuring that the business in the Chamber is prioritised, particularly now that Members are able to participate remotely in substantive proceedings To come back to the point made by the hon. Member for Strangford, I do understand the reasons for the amendments tabled to these two motions, but I would ask that the House agrees to the motions as tabled. However—I underline this—I commit to ensuring that a motion is brought forward to reopen Westminster Hall and to bring back sitting Fridays at the earliest opportunity, when it is both possible and practicable.
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Mixed Topics
Andrew John Bower Mitchell (Conservative, Centre-right): I have a private Member’s Bill that is all ready to go into Committee. The Bill saves a great deal of taxpayers’ money, it is very good for our constituents and it is supported across the House, all the Members from across the House who have generously volunteered to serve on the Committee are ready, and it has gone to the Committee of Selection. If the Committee of Selection were to approve that next Wednesday, would it be possible for the Bill Committee to meet, albeit briefly, on 27 January?
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Other
Jacob William Rees-Mogg (Conservative, Centre-right): As I understand it—though it may be better to seek wise clerkly advice on this point—if the Committee of Selection were to approve members for the Committee, the Committee could go ahead, and then my right hon. Friend’s Bill would be ready for the point at which we bring back Fridays, which, as I said, I look forward to doing at the earliest opportunity, when it is possible and practicable.
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Other
Christopher Robert Chope (Conservative, Centre-right): I am very grateful. My right hon. Friend says that he is committed to coming back with proposals as soon as practicable. If we passed the amendments tonight, they would ensure that his will prevailed until after half-term, and then after half-term there would have to be a fresh look at these issues. Does he not agree with that?
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Other
Mark James Harper (Conservative, Centre-right): Mr Speaker, I listened carefully to what you said. This is intended to be helpful. Given that the Leader of the House made a clear commitment to come back to the House at the earliest opportunity, and that, listening carefully to what you said from the Chair, you said that broadcasting proposals would be worked up and ready in approximately four weeks, those commitments certainly satisfy me. I trust your word and the word of the Leader of the House that we will be able have another look at this in four weeks’ time. I hope that you and the Leader of the House feel that that was a helpful point to make.
Sittings in Westminster Hall (Suspension) (No. 2) — House of Commons, 2021-01-13
Topic: Other
Christopher Robert Chope (Conservative, Centre-right): indicated assent. Business of the House (Private Members’ Bills) (No. 9) Ordered, That the Order of the House of 16 January 2020 (Business of the House (Private Members’ Bills)), as amended by the Orders of the House of 25 March, 22 April, 12 May, 10 June, 1 July, 3 November and 30 December 2020, is further amended as follows: leave out "15 January 2021, 22 January 2021, 29 January 2021, 5 February 2021, 26 February 2021, 5 March 2021, 12 March 2021 and 26 March 2021".—(Mr Rees-Mogg.)
Policy Evidence — House of Commons, 2021-02-10
Topic: Civil Rights
Elizabeth Mary Truss (Conservative, Centre-right): We must have an equality agenda that is driven by the evidence. That is why we have launched an equality data programme, looking at the life paths of individuals across the country and ensuring that we have hard data about the barriers that people face, whether in education, employment or accessing capital for business.
Policy Evidence — House of Commons, 2021-02-10
Topic: Civil Rights
Aaron Stuart Bell (Conservative, Centre-right): I thank the Minister for her answer. Like her, I welcome the importance of data in all this. I also welcome the fact that last year the Government Equalities Office commissioned the Behavioural Insights Team to produce a summary of the evidence on unconscious bias training. As she will know, the report highlighted that there was no evidence that this training changed behaviour in the long term, nor did it improve workplace equality. It also stated that there is emerging evidence of unintended negative consequences. So I am glad that the Government are phasing it out in the civil service and that this House is doing the same, but can she assure me and the House that any suggested replacement for this training must be supported by the evidence of what works?
Policy Evidence — House of Commons, 2021-02-10
Topic: Civil Rights
Elizabeth Mary Truss (Conservative, Centre-right): My hon. Friend is right that unconscious bias training has been shown not to work and in fact can be counterproductive. The best way to improve equality is to make the system fairer by increasing choice and openness. For example, making systems around pay and promotion more transparent and open has been shown by the evidence to improve equality for everybody.
Policy Evidence — House of Commons, 2021-02-10
Topic: Civil Rights
Elizabeth Mary Truss (Conservative, Centre-right): I am pleased to say that we saw the gender pay gap fall to a record low last year, but we need to continue making progress on that issue, including making sure that we are tackling the cause of the gender pay gap, and 35% of the cause is the fact that women and men are in different occupations. So we need to make it easier for women to get into high-paid jobs in areas such as technology, science, and engineering.
Social Mobility — House of Commons, 2021-02-10
Topic: Mixed Topics
David Mervyn Johnston (Conservative, Centre-right): Last month, it was reported that the civil service fast stream is no longer publishing data on the social backgrounds of the people it hires, which came with information obtained by a freedom of information request showing that the success of those from private schools entering the fast stream is double that of those from comprehensive schools. Can I therefore ask my right hon. Friend to push the civil service fast stream to publish that data regularly, so that it leads by example and demonstrates its commitment to social mobility?
Geographic Inequality of Opportunity — House of Commons, 2021-02-10
Topic: Mixed Topics
Elizabeth Mary Truss (Conservative, Centre-right): We need to tackle the scourge of geographic inequality—average hourly wages are nearly 30% higher in London than they are in the north-west—and that is why I have asked the Equalities Hub to look beyond protected characteristics and identify additional barriers that people face up and down the country.
Geographic Inequality of Opportunity — House of Commons, 2021-02-10
Topic: Domestic Commerce
Mark Andrew Menzies (Conservative, Centre-right): Coastal communities such as Lytham St Annes are home to substantial tourism and hospitality sectors. Those sectors have traditionally employed large numbers of women, but they have been particularly hit by the pandemic. Given that inequality in coastal resorts is a long-recognised issue, what plans does my right hon. Friend have to ensure that coastal towns—in Lancashire, especially—can build back better?
Geographic Inequality of Opportunity — House of Commons, 2021-02-10
Topic: Mixed Topics
Elizabeth Mary Truss (Conservative, Centre-right): We are directing vital support to seaside towns through the £230 million coastal communities fund. We recognise the unique challenges faced by towns such as St Annes, and that will be very much in our thoughts as we look to the £4 billion levelling-up fund and the UK shared prosperity fund. I am pleased to say that we will be publishing prospectives for those shortly, and no doubt my hon. Friend will be interested in applying.
BAME People in Criminal Justice System — House of Commons, 2021-02-10
Topic: Civil Rights
Lucy Claire Leigh (Frazer) (Conservative, Centre-right): Tackling race disparity in the criminal justice system remains a priority for all Ministers in my Department. We have a broad programme of work to address the issue, including work on the collection of data and the implementation of policies that tackle disproportionality, together with scrutiny and oversight. The criminal justice system race and ethnicity board reviews the progress of this work.
BAME People in Criminal Justice System — House of Commons, 2021-02-10
Topic: Civil Rights
Lucy Claire Leigh (Frazer) (Conservative, Centre-right): The hon. Member raises an important issue in relation to diversity in the judiciary, and it is important to ensure that women and black and ethnic minorities come through the system as lawyers. Indeed, there are a lot of women coming through the system, but we need to improve that as well. From 2014 to 2019, there have been some small improvements in judicial diversity. The proportion of women judges increased from 24% to 32% in the courts and from 43% to 46% in tribunals, and the proportion of BAME judges increased from 6% to 7% in the courts and from 9% to 11% in tribunals, but we need to do more work. The judiciary is independent, and I know that it is very concerned about this issue.
Discrimination Against LGBTQ+ Community — House of Commons, 2021-02-10
Topic: Civil Rights
Olukemi Olufunto Badenoch (Conservative, Centre-right): Any discrimination against LGBT people is unacceptable, and the Government are committed to supporting LGBT people and improving the lives of all citizens. We are working across agencies to ensure that they are safe from violence and discrimination. Internationally, we have awarded £3.2 million of new funding to help Commonwealth Governments and civil society to repeal outdated discriminatory laws.
Discrimination Against LGBTQ+ Community — House of Commons, 2021-02-10
Topic: Civil Rights
Andrew Campbell Bowie (Conservative, Centre-right): Recent findings show an alarming rise in homophobic hate crimes across the United Kingdom, from 6,655 in 2014-15 to an astonishing 18,000 last year. These figures show that, despite our best efforts, many people are continuing to suffer discrimination and abuse, so does my hon. Friend agree that much more must be done? What more will her Department do to ensure that the United Kingdom can really become a country where facing discrimination on the basis of who you love really is a thing of the past?
Discrimination Against LGBTQ+ Community — House of Commons, 2021-02-10
Topic: Civil Rights
Olukemi Olufunto Badenoch (Conservative, Centre-right): I agree with my hon. Friend, and I encourage those who may have been the victim of hate crime to speak out and contact the police. This Government are proud to have supported Galop, the country’s leading LGBT anti-violence charity, and we welcome its new specialist hate crime helpline, which launched last week. To further ensure the safety of LGBT people in this country and around the world, the Government are committed to ending conversion therapy and delivering an international conference.
Topical Questions — House of Commons, 2021-02-10
Topic: Civil Rights
Olukemi Olufunto Badenoch (Conservative, Centre-right): I completely reject the hon. Lady’s assertions. We do have a strategy, one part of which is to ensure that ethnic minorities are not stigmatised. The issues around coronavirus are complex. We have released information in various reports showing what the risk factors are and we have also outlined a plan to address them.
Topical Questions — House of Commons, 2021-02-10
Topic: Domestic Commerce
Mark Andrew Menzies (Conservative, Centre-right): There is growing concern that an increasing number of women are becoming victims of online gambling addiction, with the resulting financial and mental health issues. What steps are the Government taking to truly understand the scale of the problem and safeguard women from predatory recruitment tactics?