B

Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 26 March 2026

Debate

HBOS: Fraud Investigation

Contribution

My Lords, the truth is that this was an appalling state of affairs, with many small and medium enterprises driven into insolvency as a result of the HBOS Reading fraud. Following the 2017 convictions which the Minister has mentioned, courts made several Proceeds of Crime Act confiscation orders—for example, a £10 million order against David and Alison Mills—yet their criminal benefit was assessed to be far higher, at around £69 million. Can the Minister tell us how much has been recovered and returned to victims to date? Will the Minister commit to a victim-first distribution plan for any further recoveries?

More from Baroness Neville-Rolfe (Con)

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.

Partner sites