Tag Archives: Finance

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 …

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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 …

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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 …

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George Osborne has confidence in Plan C – but do the banks?

John McFall’s article for the Guardian. Read this on the Guardian website. The magnificent setting of Mansion House is usually a place for gentle self-congratulation from the chancellor of the day on the economic achievements of the government and the …

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Speech: Improving the culture of finance

Lord McFall’s speech on the second reading of the Financial Services Bill in the House of Lords. Read this in Hansard, Parliament’s official publication. My Lords, I am delighted to participate in this debate and to welcome the noble Lord, …

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Lord McFall: it is not too late to consider a British investment bank

Lord McFall, former Chairman of the Treasury Committee in the House of Commons, has called on the Government to think again about the idea of a British investment bank, as UK banks continue to fail to lend to small and …

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Lord McFall’s speech on Budget 2012

Lord McFall’s speech in the House of Lords debate on the Budget, 22nd March 2012. Read this speech in Hansard, the official publication of the UK Parliament. My Lords, I am delighted to participate in this debate and particularly to …

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Lord McFall urges the Government to consider portable bank account numbers

Lord McFall, the former Chairman of the Treasury Committee, has urged the Government to push forward on introducing portable bank account numbers to encourage consumers to switch bank accounts. John McFall, responding to the Government’s statement on the Vickers Report …

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Lord McFall questions Bank of England on lending to businesses

Lord McFall has questioned Mervyn King, the Governor of the Bank of England, and Paul Tucker, Deputy Governor for Financial Stability, on the new financial regulation system and whether it will help manufacturing and small businesses to get the finance …

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Lord McFall questions Sir John Vickers on the ethics of banking

Lord McFall has questions Sir John Vickers on the Government’s proposals for financial reform, raising the need for improved corporate governance and risk management, and the need to focus on culture and ethics in the banking sector. Speaking in the …

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