(3 weeks ago)
Commons ChamberWealthTek was placed into administration by the Financial Conduct Authority after losing £80 million of its clients’ money. FCA-appointed administrators are now deducting fees from victims’ compensation. My constituents Dominic Knights and his wife have between them lost thousands of pounds. What is the Treasury doing to safeguard the £85,000 compensation limit?
The FCA is held to account by the Government and Parliament, but Treasury Ministers cannot comment on individual cases, and the Treasury has no stake in the operational issues of the FCA. I am very happy to meet with the right hon. Lady and the FCA to discuss that matter, but let me be clear: the FCA is an independent regulator.
(3 years, 1 month ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
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In February, the Minister assured us that the UK Government were using every tool in their diplomatic arsenal and doing everything they could to get Nazanin home. Does the hon. Lady want to ask the Minister, as I do, what is missing from those diplomatic tools, because so far they have failed to bring anything about?
What I would say is that in the nearly six years that Richard Ratcliffe and I have been campaigned to get Nazanin home, we have heard every platitude. We have heard about no stones being unturned. We have heard about how this issue is top of the Government’s agenda. We know it is their highest priority, but warm words are not enough any more. After six years, I want to see my constituent come home. I do not want to hear from the Government the same rhetoric over and over again, which is what we are hearing.