Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the implications for regulatory oversight of fintech innovation arising from developments in blockchain-based programmable deposit tokenisation in UK banks.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
New forms of digital money and payments present potential benefits for both users and providers of payment services, offering faster, cheaper payments with better functionalities and greater security.
The government, alongside regulators, is considering the innovation opportunities that blockchain-based payments instruments, including tokenised deposits, could present the UK financial services sector.
We are working with regulators and industry to design the next generation of retail payments infrastructure, overseen by the Payments Vision Delivery Committee.
Steps have already been taken to set up the right regulatory conditions for firms to safely innovate and experiment with this technology, specifically through the Bank of England and Financial Conduct Authority’s (FCA) work on the Digital Securities Sandbox.
Furthermore, the government recently laid legislation to regulate cryptoassets and stablecoins. This regime will raise standards, strengthen consumer protection, help tackle market abuse, and support the responsible growth of the UK’s cryptoasset sector by providing clear and consistent rules.
Asked by: John Hayes (Conservative - South Holland and The Deepings)
Question to the Home Office:
To ask the Secretary of State for the Home Department, what steps her Department is taking to help tackle organised acquisitive rural crime.
Answered by Sarah Jones - Minister of State (Home Office)
We are improving the protections for rural communities, with tougher measures to clamp down on anti-social behaviour, strengthened neighbourhood policing and stronger measures to prevent farm theft. This financial year the Home Office will be providing the first Government funding since 2023 for the National Rural Crime Unit (£365,000) as well as continuing funding for the National Wildlife Crime Unit (£450,000).
The National Wildlife Crime Unit has a far-reaching impact, assisting in detecting high-profile and high-value crimes including serious organised crime. This includes disrupting organised crime groups. Funding the National Rural Crime Unit enables it to continue to increase collaboration across police forces, harnessing the latest technology and data to target the serious organised crime groups involved in crimes like equipment theft from farms.
Through the Crime and Policing Bill we are introducing a new power for the police to enter and search premises to which items have been electronically tracked by GPS or other means, where the items are reasonably believed to have been stolen and are on those premises, and where it has not been reasonably practicable to obtain a warrant from a court.
Additionally, we are committed to the implementation of the Equipment Theft (Prevention) Act and fully support its intentions to tackle the theft and re-sale of All Terrain Vehicles (ATVs), quad bikes and GPS systems.
There can be challenges in responding to rural crime. That is why we have worked closely with the NPCC to deliver their updated Rural and Wildlife Crime Strategy for 2025-2028. The strategy sets out operational and organisational policing priorities in respect of tackling crimes that predominantly affect rural communities.
Asked by: Jeremy Hunt (Conservative - Godalming and Ash)
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, what steps he is taking to (a) prioritise research into pancreatic cancer and (b) encourage innovations in earlier diagnosis.
Answered by Zubir Ahmed - Parliamentary Under-Secretary (Department of Health and Social Care)
The Department invests over £1.6 billion each year on research through the National Institute for Health and Care Research (NIHR), and in 2024/25, spent £141.6 million on cancer research, signalling its high priority. This includes studies that focus specifically on pancreatic cancer as well as studies that are relevant to or include pancreatic cancer. For example, between the 2020/21 to 2024/25 financial years, the NIHR committed £1.5 million to specific pancreatic cancer studies.
One instance of this is ongoing research funded by the NIHR which aims into improve the early diagnosis of pancreatic cancer by utilising artificial intelligence as well as reducing instances of missed cancer.
The NIHR’s wider investments in research infrastructure, including facilities, services, and the research workforce, supported the delivery of 160 pancreatic cancer research studies and enabled over 8,200 people to participate in potentially life-changing research during this time period. This includes support for the PemOla trial, which is the first to explore using precision immunotherapies to treat pancreatic cancer.
The Office for Life Sciences’ Cancer Healthcare Goals programme aims to maximise and direct global industrial investment for the development and acceleration of new cancer diagnostic and therapeutic technologies and devices in the United Kingdom through: providing research investments to support the development of innovations in the early stages of the development pathway and; supporting industry to accelerate cancer diagnostic and therapeutic technologies and devices in the latter stages of development into the National Health Service.
The programme launched the £10.9 million NIHR i4i Cancer Healthcare Goals: Early Cancer Diagnosis Clinical Validation and Evaluation Call. This has funded six projects which are developing breakthrough technologies that can increase the proportion of cancers which are detected earlier in the disease course and/or target health inequalities in cancer diagnosis.
This includes the miONCO-Dx multi-cancer early detection test, developed by XGenera, which can identify 12 of the most lethal and common cancers, including pancreatic cancer, at even the earliest stages from just 100 microlitres of blood. This technology is currently testing the diagnostic test accuracy on over 20,000 patient samples with promising early results.
The NIHR continues to encourage and welcome high quality funding applications into pancreatic cancer.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what steps they are taking to support banks to overcome the barriers to the adoption of advanced fintech and artificial intelligence systems posed by outdated information technology infrastructure.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
The government believes that the safe adoption of artificial intelligence (AI) by the financial services (FS) sector is a major strategic opportunity, with the potential to power growth across the UK. This includes banking which, as highlighted in the AI in Financial Services Survey led by the Financial Conduct Authority and the Bank of England, already benefits from AI innovations. Use cases mentioned include cyber security and fraud detection functions.
The government and the regulators are taking a pro-innovation stance to AI regulation across the economy including in financial services; and we are committed to continuing engagement with the sector and working with the regulators to monitor developments.
As part of the government’s Financial Services Growth and Competitiveness Strategy, the government will shortly be appointing a Financial Services AI Champion to act as a catalyst for AI adoption and innovation in the sector.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the participation of the UK's software and technology sectors in initial public offerings and the implications of this for the UK's fintech ecosystem.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
The government has delivered an ambitious programme of reforms to make it easier for all firms, including fintechs, to list and raise capital on UK markets. This includes overhauling the Prospectus Regime and Listing Rules, providing more flexibility to firms and founders raising capital on UK markets.
At Mansion House, the Chancellor also announced the formation of a Listings Taskforce, to support businesses to list and grow in the UK, and the Financial Services Growth and Competitiveness Strategy, which sets out a comprehensive package of reforms to maintain the UK’s global leadership in Fintech. Officials and ministers regularly engage with industry leaders on sector developments.
The Government does not usually comment on specific movements in financial markets.
Asked by: Martin Wrigley (Liberal Democrat - Newton Abbot)
Question to the Ministry of Justice:
To ask the Secretary of State for Justice, whether her Department has asked the Solicitors Regulation Authority to meet representatives of former clients of McClure Solicitors who have requested direct engagement with the regulator.
Answered by Sarah Sackman - Minister of State (Ministry of Justice)
The Government recognises the financial loss, distress and uncertainty experienced by former clients affected by the collapse of WW&J McClure Ltd (McClure), particularly in relation to family protection trusts and wider estate planning arrangements.
The legal profession in England and Wales, together with its regulators, operates independently of government. Responsibility for regulating the sector sits with approved regulators, overseen by the Legal Services Board (LSB). The Solicitors Regulation Authority (SRA) is responsible for regulating the professional conduct of solicitors and most law firms in England and Wales. This includes McClure, as well as Jones Whyte which took on the work in progress and certain assets of McClure when it went into administration in April 2021. The SRA regulates the firms’ activities in England and Wales, with matters relating to their Scottish offices falling under the Law Society of Scotland. Details of the SRA’s ongoing work in relation to McClure is available here: https://www.sra.org.uk/news/news/mcclure/.
With regards to asking the SRA to meet representatives of former clients of McClure, given regulatory independence, the Ministry of Justice does not direct the SRA’s stakeholder engagement. However, I have discussed the impact of the firm’s collapse with the SRA and know that the SRA is continuing to meet with various stakeholders, including those representing former clients.
Any warning signs relating to McClure prior to the firm’s collapse, and when these were identified by legal services regulators, are similarly operational matters for the independent SRA. The Ministry of Justice does not hold this information.
In relation to successor firm requirements, SRA guidance for firms is available here: https://www.sra.org.uk/solicitors/guidance/closing-down-your-practice/. Under the SRA’s framework, its assessment is that Jones Whyte is not a successor practice. However, the firm must make sure it complies with a range of obligations, including those which have been set out in a compliance plan which the firm has agreed and on which the SRA is monitoring progress. This includes secure handling and storage of client papers and documents, and appropriate arrangements for file distribution and advice to impacted clients on their options.
With regard to changes to legal services regulation since the collapse of McClure, there has been continued work to strengthen how risks to consumers are identified and addressed. The SRA’s Corporate Strategy 2023-26 includes strengthening risk based and proactive regulation as a strategic priority and it has pursued action in this area. For example, in its recent Business Plan, the SRA sets out the steps it has taken to improve how it uses data and intelligence to spot risks more swiftly and take action to manage them effectively. The SRA has also indicated that it is accelerating this work, including through further investment in people and technology. In addition, the SRA is implementing changes in response to the LSB’s independent reviews of its regulation of Axiom Ince Ltd and SSB Group Ltd.
The Ministry of Justice keeps the statutory framework set by the Legal Services Act 2007 under review to ensure that it is operating effectively and protects consumers. The Government has no current plans to review the regulation of estate planning and trust-selling practices. The Department's focus is on improving the enforcement of existing rules.
Asked by: Martin Wrigley (Liberal Democrat - Newton Abbot)
Question to the Ministry of Justice:
To ask the Secretary of State for Justice, whether changes have been made to legal services regulation since the collapse of McClure Solicitors to ensure that widespread consumer detriment is identified and addressed at an earlier stage.
Answered by Sarah Sackman - Minister of State (Ministry of Justice)
The Government recognises the financial loss, distress and uncertainty experienced by former clients affected by the collapse of WW&J McClure Ltd (McClure), particularly in relation to family protection trusts and wider estate planning arrangements.
The legal profession in England and Wales, together with its regulators, operates independently of government. Responsibility for regulating the sector sits with approved regulators, overseen by the Legal Services Board (LSB). The Solicitors Regulation Authority (SRA) is responsible for regulating the professional conduct of solicitors and most law firms in England and Wales. This includes McClure, as well as Jones Whyte which took on the work in progress and certain assets of McClure when it went into administration in April 2021. The SRA regulates the firms’ activities in England and Wales, with matters relating to their Scottish offices falling under the Law Society of Scotland. Details of the SRA’s ongoing work in relation to McClure is available here: https://www.sra.org.uk/news/news/mcclure/.
With regards to asking the SRA to meet representatives of former clients of McClure, given regulatory independence, the Ministry of Justice does not direct the SRA’s stakeholder engagement. However, I have discussed the impact of the firm’s collapse with the SRA and know that the SRA is continuing to meet with various stakeholders, including those representing former clients.
Any warning signs relating to McClure prior to the firm’s collapse, and when these were identified by legal services regulators, are similarly operational matters for the independent SRA. The Ministry of Justice does not hold this information.
In relation to successor firm requirements, SRA guidance for firms is available here: https://www.sra.org.uk/solicitors/guidance/closing-down-your-practice/. Under the SRA’s framework, its assessment is that Jones Whyte is not a successor practice. However, the firm must make sure it complies with a range of obligations, including those which have been set out in a compliance plan which the firm has agreed and on which the SRA is monitoring progress. This includes secure handling and storage of client papers and documents, and appropriate arrangements for file distribution and advice to impacted clients on their options.
With regard to changes to legal services regulation since the collapse of McClure, there has been continued work to strengthen how risks to consumers are identified and addressed. The SRA’s Corporate Strategy 2023-26 includes strengthening risk based and proactive regulation as a strategic priority and it has pursued action in this area. For example, in its recent Business Plan, the SRA sets out the steps it has taken to improve how it uses data and intelligence to spot risks more swiftly and take action to manage them effectively. The SRA has also indicated that it is accelerating this work, including through further investment in people and technology. In addition, the SRA is implementing changes in response to the LSB’s independent reviews of its regulation of Axiom Ince Ltd and SSB Group Ltd.
The Ministry of Justice keeps the statutory framework set by the Legal Services Act 2007 under review to ensure that it is operating effectively and protects consumers. The Government has no current plans to review the regulation of estate planning and trust-selling practices. The Department's focus is on improving the enforcement of existing rules.
Asked by: Martin Wrigley (Liberal Democrat - Newton Abbot)
Question to the Ministry of Justice:
To ask the Secretary of State for Justice, if he will review the regulation of estate planning and trust-selling practices to ensure consumers are given clear and comprehensible information about risks and long-term consequences.
Answered by Sarah Sackman - Minister of State (Ministry of Justice)
The Government recognises the financial loss, distress and uncertainty experienced by former clients affected by the collapse of WW&J McClure Ltd (McClure), particularly in relation to family protection trusts and wider estate planning arrangements.
The legal profession in England and Wales, together with its regulators, operates independently of government. Responsibility for regulating the sector sits with approved regulators, overseen by the Legal Services Board (LSB). The Solicitors Regulation Authority (SRA) is responsible for regulating the professional conduct of solicitors and most law firms in England and Wales. This includes McClure, as well as Jones Whyte which took on the work in progress and certain assets of McClure when it went into administration in April 2021. The SRA regulates the firms’ activities in England and Wales, with matters relating to their Scottish offices falling under the Law Society of Scotland. Details of the SRA’s ongoing work in relation to McClure is available here: https://www.sra.org.uk/news/news/mcclure/.
With regards to asking the SRA to meet representatives of former clients of McClure, given regulatory independence, the Ministry of Justice does not direct the SRA’s stakeholder engagement. However, I have discussed the impact of the firm’s collapse with the SRA and know that the SRA is continuing to meet with various stakeholders, including those representing former clients.
Any warning signs relating to McClure prior to the firm’s collapse, and when these were identified by legal services regulators, are similarly operational matters for the independent SRA. The Ministry of Justice does not hold this information.
In relation to successor firm requirements, SRA guidance for firms is available here: https://www.sra.org.uk/solicitors/guidance/closing-down-your-practice/. Under the SRA’s framework, its assessment is that Jones Whyte is not a successor practice. However, the firm must make sure it complies with a range of obligations, including those which have been set out in a compliance plan which the firm has agreed and on which the SRA is monitoring progress. This includes secure handling and storage of client papers and documents, and appropriate arrangements for file distribution and advice to impacted clients on their options.
With regard to changes to legal services regulation since the collapse of McClure, there has been continued work to strengthen how risks to consumers are identified and addressed. The SRA’s Corporate Strategy 2023-26 includes strengthening risk based and proactive regulation as a strategic priority and it has pursued action in this area. For example, in its recent Business Plan, the SRA sets out the steps it has taken to improve how it uses data and intelligence to spot risks more swiftly and take action to manage them effectively. The SRA has also indicated that it is accelerating this work, including through further investment in people and technology. In addition, the SRA is implementing changes in response to the LSB’s independent reviews of its regulation of Axiom Ince Ltd and SSB Group Ltd.
The Ministry of Justice keeps the statutory framework set by the Legal Services Act 2007 under review to ensure that it is operating effectively and protects consumers. The Government has no current plans to review the regulation of estate planning and trust-selling practices. The Department's focus is on improving the enforcement of existing rules.
Asked by: Martin Wrigley (Liberal Democrat - Newton Abbot)
Question to the Ministry of Justice:
To ask the Secretary of State for Justice, what regulatory requirements apply to successor firms handling client files following the collapse of a regulated legal practice, and how compliance with those requirements is monitored.
Answered by Sarah Sackman - Minister of State (Ministry of Justice)
The Government recognises the financial loss, distress and uncertainty experienced by former clients affected by the collapse of WW&J McClure Ltd (McClure), particularly in relation to family protection trusts and wider estate planning arrangements.
The legal profession in England and Wales, together with its regulators, operates independently of government. Responsibility for regulating the sector sits with approved regulators, overseen by the Legal Services Board (LSB). The Solicitors Regulation Authority (SRA) is responsible for regulating the professional conduct of solicitors and most law firms in England and Wales. This includes McClure, as well as Jones Whyte which took on the work in progress and certain assets of McClure when it went into administration in April 2021. The SRA regulates the firms’ activities in England and Wales, with matters relating to their Scottish offices falling under the Law Society of Scotland. Details of the SRA’s ongoing work in relation to McClure is available here: https://www.sra.org.uk/news/news/mcclure/.
With regards to asking the SRA to meet representatives of former clients of McClure, given regulatory independence, the Ministry of Justice does not direct the SRA’s stakeholder engagement. However, I have discussed the impact of the firm’s collapse with the SRA and know that the SRA is continuing to meet with various stakeholders, including those representing former clients.
Any warning signs relating to McClure prior to the firm’s collapse, and when these were identified by legal services regulators, are similarly operational matters for the independent SRA. The Ministry of Justice does not hold this information.
In relation to successor firm requirements, SRA guidance for firms is available here: https://www.sra.org.uk/solicitors/guidance/closing-down-your-practice/. Under the SRA’s framework, its assessment is that Jones Whyte is not a successor practice. However, the firm must make sure it complies with a range of obligations, including those which have been set out in a compliance plan which the firm has agreed and on which the SRA is monitoring progress. This includes secure handling and storage of client papers and documents, and appropriate arrangements for file distribution and advice to impacted clients on their options.
With regard to changes to legal services regulation since the collapse of McClure, there has been continued work to strengthen how risks to consumers are identified and addressed. The SRA’s Corporate Strategy 2023-26 includes strengthening risk based and proactive regulation as a strategic priority and it has pursued action in this area. For example, in its recent Business Plan, the SRA sets out the steps it has taken to improve how it uses data and intelligence to spot risks more swiftly and take action to manage them effectively. The SRA has also indicated that it is accelerating this work, including through further investment in people and technology. In addition, the SRA is implementing changes in response to the LSB’s independent reviews of its regulation of Axiom Ince Ltd and SSB Group Ltd.
The Ministry of Justice keeps the statutory framework set by the Legal Services Act 2007 under review to ensure that it is operating effectively and protects consumers. The Government has no current plans to review the regulation of estate planning and trust-selling practices. The Department's focus is on improving the enforcement of existing rules.
Asked by: Martin Wrigley (Liberal Democrat - Newton Abbot)
Question to the Ministry of Justice:
To ask the Secretary of State for Justice, what specific warning signs relating to McClure Solicitors were identified by legal services regulators prior to the firm’s collapse, and when those warning signs were first identified.
Answered by Sarah Sackman - Minister of State (Ministry of Justice)
The Government recognises the financial loss, distress and uncertainty experienced by former clients affected by the collapse of WW&J McClure Ltd (McClure), particularly in relation to family protection trusts and wider estate planning arrangements.
The legal profession in England and Wales, together with its regulators, operates independently of government. Responsibility for regulating the sector sits with approved regulators, overseen by the Legal Services Board (LSB). The Solicitors Regulation Authority (SRA) is responsible for regulating the professional conduct of solicitors and most law firms in England and Wales. This includes McClure, as well as Jones Whyte which took on the work in progress and certain assets of McClure when it went into administration in April 2021. The SRA regulates the firms’ activities in England and Wales, with matters relating to their Scottish offices falling under the Law Society of Scotland. Details of the SRA’s ongoing work in relation to McClure is available here: https://www.sra.org.uk/news/news/mcclure/.
With regards to asking the SRA to meet representatives of former clients of McClure, given regulatory independence, the Ministry of Justice does not direct the SRA’s stakeholder engagement. However, I have discussed the impact of the firm’s collapse with the SRA and know that the SRA is continuing to meet with various stakeholders, including those representing former clients.
Any warning signs relating to McClure prior to the firm’s collapse, and when these were identified by legal services regulators, are similarly operational matters for the independent SRA. The Ministry of Justice does not hold this information.
In relation to successor firm requirements, SRA guidance for firms is available here: https://www.sra.org.uk/solicitors/guidance/closing-down-your-practice/. Under the SRA’s framework, its assessment is that Jones Whyte is not a successor practice. However, the firm must make sure it complies with a range of obligations, including those which have been set out in a compliance plan which the firm has agreed and on which the SRA is monitoring progress. This includes secure handling and storage of client papers and documents, and appropriate arrangements for file distribution and advice to impacted clients on their options.
With regard to changes to legal services regulation since the collapse of McClure, there has been continued work to strengthen how risks to consumers are identified and addressed. The SRA’s Corporate Strategy 2023-26 includes strengthening risk based and proactive regulation as a strategic priority and it has pursued action in this area. For example, in its recent Business Plan, the SRA sets out the steps it has taken to improve how it uses data and intelligence to spot risks more swiftly and take action to manage them effectively. The SRA has also indicated that it is accelerating this work, including through further investment in people and technology. In addition, the SRA is implementing changes in response to the LSB’s independent reviews of its regulation of Axiom Ince Ltd and SSB Group Ltd.
The Ministry of Justice keeps the statutory framework set by the Legal Services Act 2007 under review to ensure that it is operating effectively and protects consumers. The Government has no current plans to review the regulation of estate planning and trust-selling practices. The Department's focus is on improving the enforcement of existing rules.