Bobby Dean

Bobby Dean

Liberal Democrat — Carshalton and Wallington

Speaking in the House of Commons on 27 January 2026

Debate

Topical Questions

Contribution

Ten years ago, this place introduced legislation preventing banks from applying tax deductions after paying compensation for wrongdoing. Now lenders are set to pay out billions of pounds in connection with the motor finance scandal, but they will be able to reduce their tax bills because most of those companies have channelled their money via subsidiaries. Does the Minister agree that that is not in keeping with the spirit of the law, and will the Government do something about it?

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