Business of the House

Bill Esterson Excerpts

Thursday 26th October 2017 Commons Chamber

[Andrea Leadsom]

My hon. Friend is right that sorting out our housing market is not just a priority for the Chancellor but a personal priority for the Prime Minister, who is determined to tackle the ever-increasing challenge facing young people trying to get on to the housing ladder, either by buying or renting. I am sure that my hon. Friend, as always, will find a way to raise this with the Chancellor before the Budget.

[Bill Esterson (Sefton Central) (Lab)]

Yesterday, I wrote to the CEO of RBS, Ross McEwan, about my call for a judge-led inquiry into the bank’s treatment of smaller businesses. His reply was:

“I have no interest in supporting another investigation after four years of review.”

Many small business owners will regard Mr McEwan’s comment that he has no interest in their plight as dismissive and disrespectful, given the way so many have had their lives torn apart as a result of what the Financial Conduct Authority described as the inappropriate treatment of small and medium-sized enterprises. Will the Leader of the House ask a Minister to respond to my request for a judge-led inquiry and to comment on what Mr McEwan has said?

[Andrea Leadsom]

I would say that as City Minister I always found Ross McEwan to be incredibly sympathetic to the issues facing small businesses. [Interruption.] I just want to give an alternative view on that. The hon. Gentleman is right, however, that there have been some appalling cases of banks failing to support small businesses. The FCA has looked at many specific cases and carried out quite an in-depth review, but if he has further specific cases, he should raise them with either the FCA or the City Minister.