B

Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 7 July 2025

Debate

Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025

Contribution

The one point the noble Lord has not really touched on is growth and innovation, but I take it from the points he normally makes that he sees this sitting within that context. I think the Chancellor sent a letter to the FCA some months ago encouraging an approach to growth in the way it regulates. So he is right that it is independent and does its own thing but, equally, it is important that it minimises bureaucracy and tries to be efficient and helpful, because it plays such an important part in the economy and with business, but also in protecting consumers.

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