M
Member
Speaking in the House of Lords on 24 June 2026
Debate
Financial Services and Markets Bill [HL]Contribution
The Minister has presented this as a deregulatory Bill, and we have been very supportive on that basis. However, I fear that that will be reversed once the compliance costs of this change are added, since the costs will be spread across the country and into big and, even more importantly, smaller organisations and firms. My fear is that this move could kill vital service sector growth as those affected struggle with change.
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