Dame Meg Hillier

Dame Meg Hillier

Labour (Co-op) — Hackney South and Shoreditch

Speaking in the House of Commons on 10 November 2026

Debate

Financial Services and Markets Bill [Lords]

Contribution

I am interested in the hon. Gentleman’s thoughtful comments and the research he is quoting, but he is now talking about removing ringfencing completely. Can he explain to the House how that would mitigate the risk posed by the bad players who led to some of the problems in 2008? As a result, some of us were in this place voting to nationalise banks, at a cost to the British taxpayer. How can the hon. Gentleman be confident that that could never happen again? We do not legislate for today; we legislate for the worst possible scenario—the mad, the bad and the dangerous—not the good people who I am sure he is talking about.

More from Dame Meg Hillier

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Dame Meg Hillier's full parliamentary record including voting history, expenses and all other contributions, see the Dame Meg Hillier report card.