Build Back Better Business Council

Lord Holmes of Richmond Excerpts

Thursday 25th February 2021 Lords Chamber

[Baroness Penn (Con)]

I am aware of the work of the alliance, thanks to the noble Lord bringing it to my attention in previous Questions. I have also highlighted it to a range of government departments, so that they can look at the work that it is doing and integrate it into their own.

[Lord Holmes of Richmond (Con)]

My Lords, I declare my interests as set out in the register. Does my noble friend agree that, when it comes to build back better and the SDGs related to financial well-being, fintech has a key role to play? Further, does she agree that the Government will seriously consider the recommendations of the fintech strategic review being published tomorrow and the amendments to the Financial Services Bill that relate to promoting financial inclusion?

[Baroness Penn (Con)]

I absolutely agree about the important role of fintech and I have enjoyed the debates on the Financial Services Bill in Committee so far, covering both financial inclusion and fintech. I have not seen the strategic review yet, as it is out tomorrow, but I am sure that it will do an excellent job and that the Government will consider its recommendations carefully.