Barry Sheerman
Main Page: Barry Sheerman (Labour (Co-op) - Huddersfield)Department Debates - View all Barry Sheerman's debates with the Department for Education
(10 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Michael Fallon
I think there was too much gold-plating in the past, and we have reviewed all 132 directives implemented in the past two and a half years since we tightened the rules on transposition. Of those 132, there is only one example of a directive being gold-plated. That is the consumer rights directive where we took the decision to better protect consumer interests in the use of premium lines.
Mr Barry Sheerman (Huddersfield) (Lab/Co-op)
Do we have to use this language from The Sun about gold-plating? There is good regulation and bad regulation, and we should be in favour of the good and oppose the bad. As the Minister’s Department will know, this morning there is a Financial Conduct Authority report on crowdfunding. Crowdfunding is one way that small businesses can get finance, and they have been let down by the big banks in this country. This regulation comes from this Government. Is EU regulation able to help us where the Government cannot?