Oral Answers to Questions

Kevin Hollinrake Excerpts

Wednesday 16th May 2018 Commons Chamber

[The Prime Minister]

My right hon. Friend the Transport Secretary is aware of the issue that the hon. Gentleman has raised. I understand that the Department for Transport is working with Northern Rail to identify the nature of these issues and to see a quick resolution of them.

[Kevin Hollinrake (Thirsk and Malton) (Con)]

Despite clear evidence of potentially criminal wrongdoing, our regulators and law enforcement agencies seem unwilling or unable to take action against those at the highest level responsible for the business banking scandals at RBS, Lloyds and HBOS. Will the Prime Minister do everything that she can to make sure that those people are held to account regardless of their status, seniority or background?

[The Prime Minister]

This is an issue that my hon. Friend has not only raised today but been a tireless campaigner on, and he is absolutely right. Small businesses are the backbone of our economy, and it is vital that lessons are learned from what happened at RBS and at HBOS in Reading. As he will know, the Financial Conduct Authority has reported that there were areas of widespread inappropriate treatment of firms by RBS. That was unacceptable. He will also know that the events at HBOS in Reading constituted criminal activity for which those responsible were brought to justice. The independent FCA is currently investigating matters arising from both of those cases. I look forward to receiving its conclusions, but it is important that we do ensure that this matter is fully addressed, and addressed properly, so that it does not happen again.