Category Archives: News

My thoughts on the 2014 Scottish Independence Referendum

The Aunt Sally question is best disposed of straight away. Can Scotland, with its own distinct culture and history, be an independent state separate from the rest of the UK? Yes is the unequivocal answer. But there are critical questions. …

► Read more

Posted in News | Tagged , , | Leave a comment

Diversify the sources of lending for our small businesses

Here is my article with David Davis in today’s FT I would rather see finance less proud and industry more content”. Those words were spoken by Winston Churchill almost 90 years ago, but should serve as a mission statement for …

► Read more

Posted in News | Tagged , | Leave a comment

The Economic Implications for the United Kingdom of Scottish Independence – my speech

: My Lords, it is a pleasure to follow the noble Lord, Lord MacGregor, in this debate. I am open to intervention if need be on that issue. I thank him for his chairmanship. Allied to the question asked by …

► Read more

Posted in News | Tagged , , | Leave a comment

Parliamentary Commission on Banking Standards Report

Today is the publication of the PCBS report. Here is my opinion. Money laundering, forgery, fraud, corruption – if you do the crime, you do the time. It seems that’s the case everywhere but banking. This is one conclusion arrived …

► Read more

Posted in News | Tagged , , | Leave a comment

Queen’s Speech Debate (3rd Day)

Here is what I had to say about the Queen’s Speech: My Lords, today UK businesses have about £700 billion in cash on their balance sheets-money that is looking for places to invest but companies are lacking the confidence to …

► Read more

Posted in News | Tagged , , | Leave a comment

The debate that still needs to be had.

Here is an article I wrote for the Huffington Post: It is now six months since the LIBOR scandal erupted – and we are still trying to assess how much damage that and other scandals have done to public trust …

► Read more

Posted in News | Tagged , , , | Leave a comment

Financial Services Bill – Amendment number 116ZB

Wednesday 28th November 2012 Amendment number 116ZB – Continuous Payment Authority 116ZB: After Clause 99, insert the following new Clause- “Continuous Payment Authorities: debtor’s rights (1) This section applies where a debtor has granted to a creditor a continuous payment …

► Read more

Posted in News | Tagged | Leave a comment

Payday Loans – another problem to sort out

Today I am promoting a new clause in the Financial Services Bill to protect borrowers from the misuse of Continuous Payment Authorities by pay day lenders. These are harsh times for many working families. They are under pressure from rising …

► Read more

Posted in News | Tagged | Leave a comment

Labour can no longer duck tough choices on spending

This article was written by John McFall and Andrew Harrop in the New Statesman. To see the original article, click the link below: http://www.newstatesman.com/politics/2012/11/labour-can-no-longer-duck-tough-choices-spending Within weeks, George Osborne will use the Autumn Statement to announce his spending plans for the …

► Read more

Posted in News | Tagged | Leave a comment

Lord McFall slams Govt over impact of RPI change on pensions

This is an article which has appeared on Money Marketing. See the page here: http://www.moneymarketing.co.uk/politics/lord-mcfall-slams-govt-over-impact-of-rpi-change-on-pensions/1061490.article Former Treasury select committee chair Lord John McFall has attacked the Government over proposed changes to the calculation of the retail prices index and its …

► Read more

Posted in News | Tagged | Leave a comment