Chris Vince
Main Page: Chris Vince (Labour (Co-op) - Harlow)Department Debates - View all Chris Vince's debates with the HM Treasury
(2 days, 2 hours ago)
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Emma Reynolds
I could not agree more with my hon. Friend, who is a fantastic champion of fintech. We already have a thriving fintech sector, which is the second largest in the world—second only to the US—and we are determined to ensure that those companies access the capital and the authorisations and licences that they need from the regulators. Obviously, that is a decision for the regulators, but it should be done at pace so that these companies can get off the ground and start to scale, providing the opportunities for retail investment and, critically, providing innovative products for consumers across the country.
Chris Vince (Harlow) (Lab/Co-op)
I thank the Minister for her statement. The No. 1 thing that my constituents raise with me is the soaring cost of the private rented sector. Does she agree that these reforms will help first-time buyers in Harlow get on the housing ladder? Working alongside the £39 billion of investment in social housing, that can only be good for my residents.
Emma Reynolds
I could not agree more with my hon. Friend. We want to ensure that the dream of home ownership is expanded across the country, including to his constituency of Harlow. Because of the reforms we are taking forward, and there will be more to come, the estimate is that 36,000 new first-time buyers will be able to buy their homes in the first year of this reform being in place.