Oral Answers to Questions

Debate between Rachel Reeves and Wera Hobhouse

Tuesday 4th March 2025 Commons Chamber

[Rachel Reeves]

It is absolutely right that we increased and stepped up the sanctions last week. Also, under the loan agreement we made with Ukraine last week, the loan will be repaid with the profits on foreign sovereign Russian assets. Russia should pay for the damage it has done.

[Wera Hobhouse (Bath) (LD)]

My constituent is one of hundreds of people who suffered from the collapse of Collateral. While the Financial Conduct Authority has apologised to investors for failing to act faster to stop Collateral’s fraudulent activities, I am concerned that, without internal changes, the FCA will make similar mistakes again. Should there not be an investigation into the FCA’s handling of the case?