Business of the House

Mark Williams Excerpts

Thursday 13th June 2013 Commons Chamber

[Mr Lansley]

I am glad that there is to be such an opportunity, and may I say, at the risk of flattering the hon. Lady overmuch, it is not just that Birmingham, Edgbaston has been represented by women but that it has been very ably represented? That will get me in trouble at the next election.

The hon. Lady makes a fair point. The subject has been discussed in business questions before and the shadow Leader of the House has rightly raised it. I hope that there will be opportunities for such a debate. Perhaps the Backbench Business Committee will consider it, if the hon. Member for Birmingham, Edgbaston (Ms Stuart) and other Members invite the Committee to do so.

[Mr Mark Williams (Ceredigion) (LD)]

May we have a debate on the mis-selling of interest rate swap products by the commercial banks and, specifically, on why tailored business loans have not been included in the Financial Standards Authority—now the Financial Conduct Authority—review, despite there being similar products and similar evidence of mis-selling, which has been hugely damaging to small businesses up and down the country?

[Mr Lansley]

I will, if I may, take the opportunity to talk to my right hon. and hon. Friends at Her Majesty’s Treasury about that and, through them, to the Financial Conduct Authority, which, as my hon. Friend says, is undertaking investigations. But it is important for the House to recognise the degree of concern of consumers about this matter, and I hope that I get a decent reply.