Chloe Smith
Main Page: Chloe Smith (Conservative - Norwich North)Department Debates - View all Chloe Smith's debates with the Cabinet Office
(3 months ago)
Commons ChamberI 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.
I am glad that my right hon. Friend the Minister has done a diligent job, which is reflective of his attitude towards the overall need and this gravest of situations. However, it all ought to have been done earlier, and I hold in mind my former constituent Annie Walker, who died in 2016. I wish she had been able to see this before she passed away, because she told me that she was tired of having to keep campaigning.
I also have in mind a current constituent, whom I will not name and with whom I work regularly on this issue. He has asked me to point out that the support schemes are, as per the Minister’s statement, due to change. He and I would be very grateful for as much clarity as possible on those schemes, which will be needed by many of the people involved.
Finally, may I urge the Minister and his colleagues in the Government to bring forward the regulations as soon as possible? If I understand it correctly, Sir Robert Francis may take a number of weeks. He has mentioned the month of June, and we have heard the figure of five weeks, so can I take it that we may see the regulations in July, which would allow, I hope, all Members—not just a selected Committee—of this House to do their job in scrutinising those regulations and get the job done as fast as possible?
I thank my right hon. Friend for her questions, and for her personal engagement with me over recent weeks. The fact that she refers to an unnamed constituent provokes me to acknowledge that so many people have been so traumatised by their experiences and the stigma associated with their conditions that they have not been able to be as open as they would like.
With respect to the timeframe, the Government submitted to a three-month obligation to bring those regulations forward from Royal Assent of the Bill, which will happen, I think, in June or July. Of course, there will be time where we have to lay them before the House. I want to make sure that we do that in the most timely way possible. The purposeful intent, with the engagement under Sir Robert’s leadership, is to make sure that that is meaningful but also addresses the imperative around time.