Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Bob Blackman Excerpts
Tuesday 15th November 2022

(2 years, 1 month ago)

Commons Chamber
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John Glen Portrait The Chief Secretary to the Treasury (John Glen)
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The Government are completely committed to levelling up. As the hon. Gentleman knows, there is a second round of bids for the levelling-up fund. The results will be announced in due course, but he has made a very effective representation on behalf of his constituents and local authority.

Bob Blackman Portrait Bob Blackman (Harrow East) (Con)
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As chairman of the all-party parliamentary group on personal banking and fairer financial services, I have been in protracted correspondence with the Financial Conduct Authority about the Blackmore Bond scandal. Despite receiving more than 30 complaints and a whistleblower producing evidence, the FCA refused to investigate. I realise that it predates my hon. Friend’s appointment, but will he investigate this and force the FCA to take action?

Andrew Griffith Portrait The Economic Secretary to the Treasury (Andrew Griffith)
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I thank my hon. Friend for raising this case. It was, sadly, outside the FCA perimeter, but I would be happy to meet him, because I understand that it raises important issues for him and his constituents.