(10 years, 11 months ago)
Commons ChamberThe hon. Gentleman will understand that I am not in a position to comment on any of the specifics in that question. He will have noted that there was an Opposition debate on banking yesterday. In our previous exchanges at business questions, the passage of the Financial Services (Banking Reform) Act 2013 afforded him the opportunity to raise such issues.
May I draw the attention of my right hon. Friend and hon. Members to the House of Commons Members’ Fund Bill, which I introduced and which is scheduled for Second Reading tomorrow? The Bill will reform the archaic and costly legislation that governs the benevolent fund that exists to help former Members of Parliament and their dependants who fall on hard times. It will reduce costs and reflect changing circumstances, thereby enabling us to forgo a Treasury grant, to suspend the £2 monthly payment that each Member makes to the fund and to return £1 million to the Treasury, while also ensuring that the fund remains capable of meeting ongoing needs given that, sadly, hardship continues to occur among former Members. If the Bill receives its Second Reading, will my right hon. Friend expedite—