L

Lord Stirrup (CB)

Speaking in the House of Lords on 26 March 2026

Debate

HBOS: Fraud Investigation

Contribution

Does the Minister accept that some of the difficult political challenges facing western societies today are a consequence of the destruction of the faith that people have in the effectiveness and fairness of the socio-political economic model following the financial crash of 2007 and the economic consequences? Therefore, issues such as the HBOS scandal are not just one-offs; they are not just a matter of dealing with certain financial consequences. If, as a society, we do not clearly address these things, the difficult political challenges that we currently see will continue and, indeed, get worse.

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