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Lord Livermore (Lab)

Speaking in the House of Lords on 23 July 2025

Debate

Financial Services Reform

Contribution

I have already made it clear in previous answers that I disagree with that analysis. It is not at all how we see the financial services sector. How are people going to benefit? I think the 1.2 million people employed in the financial services sector right across the UK will benefit from that. That is a pretty substantial benefit. The noble Baroness will know that we need to get more investment into our economy, and we are not going to get that investment unless we have a growing and thriving financial services sector. So I am very clear that I disagree with the noble Baroness’s analysis.

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