Infected Blood Compensation Scheme

Alistair Carmichael Excerpts

Tuesday 21st May 2024 Commons Chamber

[John Glen]

I completely understand why Paul would want that point to be raised. Those matters go beyond my brief when it comes to compensation, but I think the whole House will recognise that this matter is urgent and that Ministers in other Departments will need to address it properly and in full. I hope that the debate after Whitsun will give us an opportunity to open up all these matters as a House, and that the Government can then respond appropriately as quickly as possible.

Some of the things that happened were completely against the values of the institutions that those individuals were part of. We need to examine this fully and come to terms with it, and make sure that it can never happen again.

[Mr Alistair Carmichael (Orkney and Shetland) (LD)]

Can we accept that institutional defensiveness has not gone away, and will only go away when we in this House act to make it go away? For the past few years I have been working with constituents who were victims of a Ponzi scheme. They lost millions of pounds. They were failed repeatedly by, first, the Financial Services Authority and then the Financial Conduct Authority. They have been left out of pocket to the tune of nearly £2 million in legal fees, in which the FCA has no apparent interest. Will the Minister meet me, along with other Members whose constituents have been affected and some of the victims themselves, to see what can be done to deliver for them the good intentions that he has expressed today?

[John Glen]

I am very sorry to hear about the right hon. Gentleman’s constituents. I know from my prior experience that the Economic Secretary to the Treasury, my hon. Friend the Member for Hitchin and Harpenden (Bim Afolami), is best placed to address any issue related to the FCA. I understand the problems of jurisdiction of the FCA, particularly when it comes to unregulated activities, but I do not think I can help the right hon. Gentleman, and, with respect, I think he should address that question to my colleague in the Treasury.