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Lord Livermore (Lab)

Speaking in the House of Lords on 26 March 2026

Debate

HBOS: Fraud Investigation

Contribution

My noble friend is far more expert in these matters than me, and I think I agree with what he said. As I said, the Government share the frustration at how long processes related to this issue are taking to conclude. We very much hope that the findings of Dame Linda Dobbs’ review will be available very shortly. My noble friend mentioned the importance of the financial services sector, and I would like to reiterate that. The financial services sector is critical to the ambitions of our country; it is one of the largest and most productive sectors of the UK, worth around 9% of total economic output, employing 1.2 million people across the UK. So, I very much endorse what my noble friend says.

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