Business of the House

Lord Jackson of Peterborough Excerpts

Thursday 14th October 2010 Commons Chamber

[Sir George Young]

In common with many other Members of the House, I too have constituents who have lost money through Crown Currency Exchange. As the hon. Gentleman knows, the Financial Services Authority does not regulate retail foreign exchange services, so it did not regulate in any way the business of Crown Currency Exchange. The business model was exceptional and involved taking forward risks. I shall certainly draw his remarks to the attention of my colleagues in the Treasury to see whether there is any further legislative action that the Government might take.

[Mr Stewart Jackson (Peterborough) (Con)]

The House will know of the wholly wrong-headed proposals made by the Sentencing Guidelines Council for a reduction in sentences for violent crime. Given that today we are examining the abolition of a number of out-of-touch and superfluous quangos, may I add the Sentencing Guidelines Council to that list?

[Sir George Young]

My hon. Friend is right that the Sentencing Guidelines Council has made some proposals that would impact on short sentences. The Government’s view is that short sentences are appropriate in many cases, particularly those that involve assault, and the Government will respond in due course to the views of the council.