M
Member
Speaking in the House of Lords on 22 June 2026
Debate
Financial Services and Markets Bill [HL]Contribution
As we heard from my noble friend Lord Goodman, who was a member of the committee, the Delegated Powers and Regulatory Reform Committee has said that the power in Clause 3 is inappropriately wide and should be removed from the Bill, and other noble Lords have echoed that. The Government are, in effect, asking Parliament to sign a blank cheque to grant far-reaching powers now and trust Ministers to determine their nature later. However much confidence we may have in the Minister—I have every confidence in him—that is no substitute for proper legislation.
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