Justin Madders
MP for Ellesmere Port and Bromborough · Labour · United Kingdom
“Friend the Member for Dunstable and Leighton Buzzard asked about, will consider the points raised in this debate and whether any of them can be put into future updates to guidance. As was mentioned, good passenger information is central to standards.”
“As the roads Minister, I of course recognise the importance of bus stops and the important effect they have on the streetscape. My hon. Friend the Member for Dunstable and Leighton Buzzard made clear that she is passionate and informed about the importance of bus journeys to everyone.”
“Where responsibility for highways or individual assets sits elsewhere, close and effective working between the relevant authorities is essential. We expect local plans to join up services, infrastructure and passenger information, rather than treating them as separate issues. That will no doubt be music to the ears of my hon.”
“Our guidance encourages authorities to take a strategic approach to stops and interchanges, including keeping an inventory of infrastructure, identifying priorities for investment and setting locally appropriate standards for facilities and maintenance.”
“She is absolutely right that the quality of a bus stop is about more than accessibility, although of course accessibility is vital. Passengers notice whether a stop is easy to find and use, whether it offers shelter or seating where appropriate, whether it is clean, whether the surroundings feel safe and well maintained and, as we have di…”
“That approach reflects a simple principle: local transport authorities know their areas and are best placed to plan improvements across the whole local bus network. That is why the Department’s vision for buses, within an integrated transport system, puts local transport authorities at the centre of delivery.”
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“The debate today will clearly have a large element about the BBC’s impartiality, and I do not think it is constructive for us to trade off instances where the BBC has failed in recent times to get that right. We can all say that it can and must do better. I agree that how internal complaints are resolved needs to be looked at with some independent oversight. However, I will focus on how the BBC reflects the diversity of viewpoints in its broadcasting and decision making. Broadcast is not just about which political party has its voice heard, but who from those political parties speaks. It seems to me and my constituents that political coverage is massively dominated by voices from London.”
“It is a cliché—I am sure we will hear plenty this afternoon—that it is a bureaucratic monster stuffed with BBC lifers, but we have to ask whether it is run effectively. I have been told that six different stakeholders from four separate BBC departments attend pitches for new TV series. When an organisation has so many internal stakeholders, we have to question who exactly they are serving. Those tasked with governing the BBC have to ask serious questions of it and of themselves as to whether they are delivering true value for money in that respect. I will reflect on the subject of governance for a moment. I take the point that the hon. Member for Stone made earlier, but I come to a different conclusion.”
“We are in a strange situation where we are ignoring a serious issue. I note with interest that the annual report on the licence fee produced by the BBC claims that it visited more than 72,000 premises without a licence, but the report mysteriously fails to say what action was taken as a result. While it is difficult to find out precisely how many homes should be paying the licence fee, we can state with confidence that 72,000 visits is in itself a small proportion of the properties not currently paying the licence fee. It is time for an honest debate about our expectations over people paying the licence fee. The flipside of failures in licence fee collection is whether the BBC is run efficiently as an organisation.”
“That is where the debate takes us, and that is a debate we need to have. We need to decide as a House and a country whether we think that the current model is sustainable. There is evidence mounting that it is not. Equally, I want to protect the BBC, what is good about it and what I value about it. That means that we have to face these issues. Not many businesses that decide not to charge 10% of their customers will survive for long, and people in a free society should not be criminalised for refusing to pay for a service that they do not use, so something will have to change. Either the BBC will have to change tack, or the Government or this place will have to fill that gap. If a council saw such levels of non-payment for council tax, the Government would be sending inspectors in to ask the council to deal with it.”
“While some clearly think it has a bit of work to do to have everyone’s confidence that it is impartial, it is really important to our democracy in this era of disinformation and division to have a new source that is still trusted by the majority of people.”
“I agree that BBC radio is absolutely fantastic. If I choose to listen to radio, I usually end up listening to the BBC, and not just for the sports coverage but for all other coverage. The BBC’s radio offering is probably the one part that it has got right in getting a good spread of voices and opinions from across the country. BBC local radio is really important. Radio Merseyside is important to a great many of my constituents, as my hon. Friend the Member for St Helens North (Conor McGinn) will attest. Some of the cuts to BBC local radio have been extremely regrettable, because it is a strength that we should be building on. More generally, it is the BBC’s news element—be it on radio, online or on TV—that is critical to the BBC’s future.”
“It will have a challenge persuading people that it is relevant in other areas. In the next few decades, the majority of the population will have grown up in a world where the idea of paying for a service on a TV set that they do not own for a bunch of channels they hardly ever watch feels anachronistic at best and indefensible at worst. The sooner we recognise that to keep the BBC at all we need to address that challenge, the sooner we can decide as a Parliament and a country that it is worth saving. I believe that it is, but we need to address the challenges before it is too late.”
“Those are some interesting historical references. Any organisation that has been around as long as the BBC, and with that amount of output, will fall down at times. However, it is clear from surveys about what people think about the BBC’s impartiality and their trust in what it broadcasts that it is well ahead of anyone else. That is something we need to preserve and treasure. I commend the work of Marianna Spring on the online disinformation being pushed by states and people who are hostile to this country and who want to sow distrust and undermine our democracy. Her work to expose that is vital. If the BBC were to have no other role—though I think it should—it should be a trusted source of truth and transparency for everyone in this country and around the world.”
“I understand why the Secretary of State is reluctant to name China, but it seems that every Member in this Chamber believes it is probably responsible for the breach; that is certainly what the media are reporting. I hope the Secretary of State is able to commit to a very clear timescale for coming back with some clarity on that. I want to ask the Secretary of State about a point that has been made by a number of Members. The outsourced contractors are clearly the weak spot in our system. Will he commit to examining and analysing every single subcontractor, with a view to bringing them back in house in the light of the threats we face?”
“My constituents who work at the Shotton plant are very worried about the news they are hearing and concerned about their colleagues’ futures, but they are also wondering what it means for them. Clearly there will be knock-on effects, not just in the supply chain but in other Tata plants around the country, so what assessment has the Secretary of State made of the short, medium and long-term impact of these decisions on other plants?”
“The Secretary of State questions the need to reassess certain groups. After visiting my local Motor Neurone Disease Association support group, I can tell him that those with motor neurone disease are one group who absolutely do not need or deserve reassessment. On the wider point about mental health conditions, I hope that the Secretary of State will talk to his colleagues in the Department of Health and Social Care. I have had many experiences of constituents waiting months, if not years, for the assessment of neurodivergent conditions or mental health support. We clearly cannot address the issues that he wants to address in the consultation if we do not fix the NHS workforce crisis.”
“We support this Bill, but we also recognise that much more needs to be done to deliver the change we all want to see.”
“I hope—perhaps he will be able to explain and answer this—that the delivery of the plans will not depend upon councils having successful bids from whatever the next iteration is of the levelling-up fund and that there will actually be five-year investment programmes set out from central Government to match the plans. The reality is that any Government focus, however small, on regenerating high streets is to be welcomed, but much more needs to be done. The most effective way of delivering substantial improvement to our high streets and cities across the country is not just through plans dictated from central Government, but through devolution and local government liberation. This will hand authorities, who have a much better understanding of the conditions on the ground, the right tools to make the right interventions for their local area.”
“Given that council budgets have been stretched to breaking point since 2010, I see little scope for any improvement in the foreseeable future. It would be useful to understand when the Minister responds what steps will be taken to ensure that local authorities are supported to deliver on the ambitions that we all share to regenerate our high streets. He made the important point on Second Reading that these plans should not be left to gather dust on the shelf, so what mechanisms does he envisage being made available to ensure there is real delivery of these plans?”
“These plans will set out proposals for the preservation and enhancement of designated high streets, with councils required to review them every five years and consider them when exercising planning functions. And as we heard from the hon. Member for Stoke-on-Trent South, this will be a rolling review, and that is right: we should not let these plans just remain in stasis, because the retail environment is challenging and ever-changing. It is refreshing that it is recognised that local authorities are the best vehicle to make decisions about their local areas. However, more needs to be done to tackle the problems our high streets face, because after a high street is identified and an improvement plan is made there appears to be no mechanism for the allocation of resources to ensure these plans are implemented.”
“There is little indication that we are reversing the decline over recent years despite the many schemes launched by the Government —the strategy for high street regeneration, the future high streets fund, the high streets heritage action zones, the high streets task force, and most recently the long-term plan for towns and the high street accelerators. If all those schemes had been a success, we might not have needed this Bill now, but they are limited to specific areas or times and require competitive bidding processes, which, as the Public Accounts Committee has noted, have so far failed to deliver anything of note. This Bill adopts a different approach, creating a duty on all local authorities to designate their high streets and create improvement plans, meaning in theory at least that all areas will be placed on an equal footing.”
“People want to have pride in their towns and when they see boarded-up shops and empty streets they feel that something has gone amiss, so I can see the good intentions from the hon. Member for Stoke-on-Trent South in bringing this Bill forward. I think we all agree that something needs to be done to support our local communities and get them back to how we remember them—bustling, lively and full of energy and economic activity. However, the Bill also implicitly suggests the approach so far from the Government is not delivering the kind of changes we want.”
“It is of note that the footfall in high streets last year was still 10% less than before the pandemic. That trend has a potential compounding effect on high streets and town centres, as the businesses that remain are harmed by the diversion of local people to alternative areas. It can be increasingly difficult on the back of that to attract new investment. There are huge challenges ahead to break the cycle of decline, and I see these trends in my constituency: where once we had a bustling town centre and big-name stores on every corner as well as an arcade full of shops, we now have far more empty shops and therefore fewer people coming to the town centre. What was once a lively place is now, sadly, looking a little empty.”
“Friend the Member for Blaydon (Liz Twist) noted on Second Reading that the loss of shops was more pronounced in the north-east, where the vacancy rate is nearly a fifth, compared to a rate of one in 10 in the south of England. A similar pattern is noticeable in the type of vacant shopping outlets. According to the Local Data Company, in the final quarter of 2023 high streets and shopping centres had vacancy rates of 14% and 17.9% respectively, yet retail parks had a vacancy rate of only 7.6%. That experience is mirrored in Ellesmere Port, where we have the high street, Port Arcades in the town centre, and we also have Cheshire Oaks as the out-of-town retail destination. We have all seen the big names go and the shift away from in-person banking in our town centres, which has accelerated the decline that we all have been talking about.”
“That importance has been reflected in studies conducted into the value of high streets to local people. Nationwide found in 2020 that more than seven in 10 people felt that their local high street was an important part of their community, but almost two thirds of people thought that high streets have been neglected and more than two thirds believed that they have fallen into decline. I am sure that those figures will be even higher in some constituencies. Shop closures in recent years speak for themselves. The British Retail Consortium estimated last year that Britain had lost 6,000 retail outlets since 2018. That translates into vacancy rates that are unequally spread across the country and the type of shopping area. My hon.”
“Lady’s point about a need for a broader approach to the high street was important, as was her discussion about residential and activity-based destinations. The right hon. Member for Basingstoke had a neat way of expressing that as experiences and entertainment—something that we all seek on a regular basis. All Members spoke with great passion and sincerity about the challenges facing their high streets. It would be fair to say that there has been a decline in our town centres in recent years. Many are blighted by boarded-up outlets and pavements verging on empty. It is hard to escape a wider sense of malaise because, in many respects, town centres and high streets are the faces of the places that residents and visitors see on a daily basis. They are the individual identity of the area for those who work, socialise or shop there.”
“I have spoken on other occasions about the importance of having a physical presence for important services such as banking, because some people will not want to or be able to deal with a computer. When talking about financial transactions, the security of a face-to-face interaction is important to people. The hon. Member for Cities of London and Westminster (Nickie Aiken), perhaps understandably, had a different perspective about the importance of international shoppers to the high streets in her constituency. She identified a shared problem of all high streets: the rise of online shopping, which has made it much more of a challenge to attract people. It is great that we can now order anything we want at any time of day, and it will be on our doorstep probably the next day, but that has not come without downsides. That is why the hon.”
“It is important that we acknowledge the role of the entire public sector in making sure that our town centres are clean and inviting places. I know that my community in particular has a has a lot of respect for Bernie, who spends every day trundling up and down Ellesmere Port high street, making sure that the streets are clean and tidy. He is well respected and admired for that because, rain or shine, he is always there doing that important role. The hon. Member for Broxtowe (Darren Henry) gave an important perspective when he talked about the impact of the withdrawal of banks from many communities. I congratulate him on his success bringing back some of that facility. I am afraid there has been a national exodus from the high street.”
“Councils certainly have an important role as, for want of a better description, anchor tenants in the town centre. My council has made a strategic decision to base its headquarters for the whole of Cheshire West in Ellesmere Port, which has resulted in a certain critical mass of people coming into the town. My hon. Friend the Member for North Tyneside also talked about the importance of public toilets. We sometimes overlook that, but we need to be confident that there is somewhere we can escape to in an emergency. It is also important to pay tribute to the council workers whose job it is to make sure that those toilets are clean and in good working order, because, as we know, from time to time they can attract the wrong sort of attention.”
“Friend the Member for North Tyneside (Mary Glindon) gave us a glowing gallop through her part of the world and spoke with great local knowledge and pride about North Shields. She was right that the key to all this is how we bring communities together. Her particular point about how town centres used to be the place where people would see friends once a week on a Saturday afternoon speaks to the challenge. Of course, thanks to the internet and mobile phones, we can pretty much speak to anyone we want to at any point, at any time of the day, from anywhere in the world, so the importance of that central meeting point in a community has diminished in recent years. My hon. Friend also spoke glowingly about the work her council does, and I think most councils work well within their limitations in trying to breathe life into their high streets.”
“Member for Stoke-on-Trent South also made an important point about how antisocial behaviour can be a blight on town centres and the important role of the police and other authorities in tackling it. He mentioned gating off alleyways, which has been a successful policy in my constituency. There is also a worry that it tends to move challenges and problems around rather than dealing with them entirely, but that is why enforcement is so important in such matters. The right hon. Member for Basingstoke gave an important perspective and articulated well the importance of crime prevention in making sure our high streets are attractive and welcoming places for people to visit. My hon.”
“I agreed when he talked about Members of Parliament having a leadership role in guiding their communities and making sure that they are fit for the future, and he drew attention to a very sensible amendment that added greater flexibility so that a collection of streets, rather than one street, could be determined by a local authority as a high street. Recalling what the right hon. Member for Basingstoke (Dame Maria Miller) said about the historical elements of high streets, I want to reflect on my own town centre in Ellesmere Port, which is, of course, the one I know best. The original town centre was somewhere different to where it is today. It has been moving westwards and southwards over the years, but a number of important historic buildings remain in the older parts of the town that need a focus as well. The hon.”
“It is a pleasure to respond to the debate and we have heard a number of interesting and broad perspectives from Members of all parties. I thank the hon. Member for Stoke-on-Trent South (Jack Brereton) for tabling the Bill and for working constructively with Members from across the House, with the many stakeholders who inevitably had a view and with the Department so that the Bill gained Government support. He described high streets as the beating heart of our communities, and that was an absolutely apposite description.”
“In particular, as my assumption would be, will the regulations be analogous to current paternity leave provisions? In conclusion, we are pleased to see the Bill reach this stage, and we now wish it safe passage through to the other place. Again, I commend my hon. Friend for his work on it, and I congratulate him on getting the Bill to this stage.”
“It would also mean that the surviving parents of adopted children or children born through surrogacy arrangements will be included, and we welcome those changes. I commend my hon. Friend the Member for Ogmore for working constructively with the Department and the Minister to achieve the desired outcome. I also note with interest the new powers in clause 1(4), which provide for the ability to introduce regulations to enhance redundancy protection for bereaved employees when they return from extended paternity leave, and to allow bereaved parents to have keeping-in-touch days during their extended paternity leave. It would be useful when the Minister responds to hear whether it is his intention to use those powers to introduce regulations.”
“Leave is a day one right, but the entitlement to pay is conditional on their having been in employment and earning a certain amount over eight weeks. Shared parental leave provisions also may not always help people in facing the situation that this Bill was originally drafted to help. Not only is there a time restriction on access, but income requirements can differ for the mother and partner. The system is rather complicated, and we know that families have been discouraged from taking up shared parental leave; figures show that only 2.8% of partners decide to take it up. As we have heard, by virtue of the amendments agreed in Committee, by using paternity leave rather than parental leave as the vehicle for entitlement, hopefully more people will be protected.”
“Thankfully, the legislation will apply to few people because death during or just after childbirth is very uncommon. The excellent work that our midwives and doctors perform means that the number of mothers who sadly pass away within 42 days of birth stands at roughly 12 for every 100,000 births. Of course, each death is a tragedy and a profound loss, but we should recognise that those tragic circumstances occur in only a small number of instances. The fact that it has taken Aaron’s situation for the matter to come before us means that it is important that we act to prevent people falling through cracks because of legislative oversight. As we know, at present the only right to statutory bereavement leave is for parents who have lost children up to the age of 18.”
“Like other Members, I find it very hard to imagine how anyone could face such a devastating situation with the added pressures of job insecurity on top. It is right to acknowledge that most responsible and caring employers would react to such a devastating scenario with compassion and do the right thing by their employee, regardless of whether any law required them to do so. However, making it a legal requirement will mean that the vanishingly small number of employers who do not act in that way will now have to and the employee has one less thing to worry about. My hon. Friend the Member for Ogmore said that he wants the Bill to help as few people as possible. That is an unusual statement to make in this place, but it is an important point.”
“The right is also extended to the tragic circumstances in which both mother and child die, despite the fact that paternity leave is usually taken only for the purposes of caring for a child. As we know, partners of mothers who die in or just after childbirth are not currently entitled to paternity leave if they have not met the continuity of employment requirements. That means that some people find themselves in the unfortunate position of not being entitled by right to paternity leave. If their employer chooses not to show compassion by voluntarily providing leave, an individual could be left grieving for their partner, as well as undertaking the mammoth responsibility of being a single parent to their child, without workplace support.”
“Member for Hyndburn (Sara Britcliffe) spoke about the work that she has done in light of the very tragic circumstances of one of her constituents. She showed how Members can work constructively—with the NHS in her case—to makes changes so that no one else has to go through the experiences that we have heard about. The hon. Member for Stoke-on-Trent South (Jack Brereton) spoke with great sincerity about why this legislation is so important. As we have heard, the Bill as amended will disapply the employment conditions to which an employee’s right to paternity leave is subject in the event of their partner dying. In effect, it will make paternity leave a day one right for the partner of a mother who has died, with no continuity of employment test.”
“It is a pleasure to speak on Third Reading of this important Bill, which has cross-party support, as we have heard. I congratulate my hon. Friend the Member for Ogmore (Chris Elmore) on his success in steering the Bill to this point. I am aware of how much work he has done with the Government to get their support and to ensure that the legislation can go through the other place and gain Royal Assent. I also recognise that the hon. Member for Broxtowe (Darren Henry) has worked constructively on behalf of his constituent, Aaron, and with my hon. Friend, to ensure that the legislation will be in place. He spoke movingly about how the tragic circumstances of his constituent, who lost his wife, Bernadette, moved him to take action. A number of Members have noted the importance of this work. The hon.”
“Importantly, they drive weather patterns, the impact of which we are seeing regularly. Warming oceans also contribute to the increasing melting of ice, which causes sea levels to rise. Everything is connected. It is clear that with every passing year, the battle against climate change becomes a little harder to defeat. Protecting the oceans is a key part of that. Ultimately, it will determine whether we continue to survive as a species on this planet, which is why we really must get on and ensure that the treaty is delivered and begins to produce results.”
“We are short on time, so I will end on a positive note. The treaty is a step in the right direction, which has been decades in the making; we do not want to see more decades go by before we see the results. There are many reasons to be optimistic about where we are heading. The consensus that we have heard today is encouraging, but we have to be aware of wider Government policies. There is a lot of evidence that much more needs to be done to protect our seas—let alone the rest of the planet’s oceans. With 71% of the Earth covered by oceans, we have to pay as much attention to what is going on there as we do to dry land. Last year, we saw record temperatures in the oceans. We cannot ignore the influence that has on the climate. The oceans absorb heat and carbon dioxide.”
“Underwater noise pollution from surveys also causes severe harm to marine mammals, commercially important fish, and invertebrates. There is also direct destruction of habitats such as deep-water sponge and cold-water corals, which form an important part of the natural cycle of our oceans. Exploration can have a wide-ranging impact on marine life and ecosystems. The treaty is meant to limit those kinds of harms, so it is surprising that some policies seem to conflict with MPAs. Will the Minister comment on how that contradiction will be resolved? Questions ought to be raised about the place of MPAs in UK waters and the commitment to restore 70% of designated features to favourable conditions by 2042. It would be useful to know exactly what measures will be brought in to ensure that that is delivered.”
“A report from the House of Lords Environment and Climate Change Committee published last year noted that, in the UK, “41 per cent of species have decreased in abundance since 1970 while 15 per cent of species have been classified as threatened with extinction.” The fact that the Government support the treaty and are undertaking the groundwork is welcome, but there are concerns about some wider aspects of Government policy, such as the progress of the Offshore Petroleum Licensing Bill, which comes into potential conflict with the ambitions behind marine protected areas. New oil and gas beds can inflict serious harm on the marine environment. Exploration can cause oil spills, which harm marine wildlife and ecosystems.”
“That is a crucial step if we are to achieve our 30 by 30 goal of protecting at least 30% of the world’s oceans by 2030. All hon. Members present are committed to that, which is a rarity; there is great unanimity about the need for us to get on and ratify the treaty. I have many constituents, as other hon. Members do, who asked me to take part in this debate, because they understand the importance of the ocean for protecting not just the diverse ecosystem in there but the wider planet. We have seen the effects of the failure to protect our environment in this country alone.”
“It is a pleasure to see you in the Chair this afternoon, Ms Vaz. The contributions today have been excellent. I was beginning to question my life choices when my hon. Friend the Member for Brent North (Barry Gardiner) started talking about whale poo, but he explained in great detail and breadth why this treaty is important and why it is rightly getting attention today. After decades of campaigning and about a decade of negotiation, it was a landmark moment when it was agreed, and there is no doubt that it will have a positive impact when it is finally ratified. The hon. Member for Torbay (Kevin Foster) said that we need 60 countries to ratify the agreement, and as we heard, it will provide a legislative framework for the first time.”
“I add my voice to the tributes paid to Frank Field, whose assistance and wisdom was of great help to me as a newly elected constituency MP for a nearby seat. He is held in very high regard by my constituents, and his legacy will live on in Ellesmere Port through Ellesmere Port College and the Frank Field Education Trust. Can we please have a debate on private parking companies? I have had a number of instances recently where these companies seem to be operating by their own rules. Constituents have put appeals in against fines. There seems to be absolutely no consideration given to technical issues, or wider questions about why tickets have been issued. Frankly, it seems to me to be nowhere close to approaching justice in the sense that Members of this House would understand.”
“We really do not want to end up here again in another few years, bemoaning our lack of action. I have had too many constituents ripped off by one investment scheme or another, and the lack of accountability, justice and—I am sorry to say—interest from those whose job it is to ensure that there is justice says to me that we are letting people down on a systemic basis. We have to do much better than we are at the moment.”
“It says that the owner of a digital athlete token becomes “eligible for twice weekly winnings.” I do not really know what that means, but it has a familiar ring to it—as we have heard, some of the people behind Football Index are part of KiX. That quote about digital athlete tokens means it is as clear as mud to me whether this should be regulated by the FCA or the Gambling Commission—perhaps it is neither. KiX is apparently a “decentralised autonomous organisation” and apparently has a “decentralised, egalitarian and democratised blockchain ethos.” If that word salad is not enough to put you off investing, I hope that someone, somewhere, who actually understands what that means is going to take responsibility for regulating this. We have let people down, and these products need proper regulating and policing.”
“The Insolvency Service, which I wrote to, decided there was insufficient evidence to justify directors disqualification proceedings. The people who created Football Index in the first place are allowed to carry on with impunity. That is wrong, because they knew it was unsustainable and they were warned about that from the very start, but they carried on anyway. That leads us on to KiX, which my hon. Friend the Member for Blaydon mentioned. The KiX website says: “Digital Athlete Tokens (DATs)…represent the on-pitch performance of individual footballers…and are deployed as smart contracts on the blockchain”.”
“FCA regulation allows for redress for losses through the Financial Services Compensation Scheme, but because Football Index was considered gambling—although not overtly advertised as such—the failure to regulate it meant that the losses were allowed to continue to stack up. The Gambling Commission has now updated its framework on how it assesses risks, so that the novelty of the product is fully considered. Licences will not normally be issued if the product’s name contains language associated with financial products. The FCA now has, I understand, an executive director to oversee its relationship with the Gambling Commission where products appear to cross boundaries. However, despite those actions, the reality is that nobody has been held to account. Even those originally involved in the company have got away with it.”
“The FCA took its time to get involved, and was also indecisive, changing its view twice as to whether Football Index fell within its regulatory remit. On two separate occasions, in September 2019 and September 2020, when it did indicate that Football Index fell within its remit, the FCA did not follow up with adequate action, and the product continued to be unregulated. Those who used Football index talked about it being advertised as an investment product, with only a very small note squirrelled away on its website saying that it was a betting scheme, which is what it really was.”
“According to newspaper reports, the Gambling Commission was warned in January 2020 that Football Index was “an exceptionally dangerous pyramid scheme under the guise of a football stock market”. We all know that that warning proved to be correct. Perhaps it was the unusual nature of the product that meant it carried on without effective intervention. However, I have looked at Trustpilot reviews for many of the major online gambling companies, and there are a litany of tales about frozen accounts, withheld funds and appalling customer service. It seems that even the more straightforward gambling propositions are able to get away with far too much, so it should be little surprise when an unusual scheme, which was unsustainable by design, also escapes attention.”
“We are failing in our basic duties; light-touch regulation has clearly had its day. We know the terrible stories of those affected by Football Index—losses into seven figures, individuals driven to the brink of suicide, marriages collapsed, families torn apart and life savings vanished—and those impacts have been part of all the other scandals I mentioned. Too many people in this country have suffered grave injustices that we seem incapable of putting right. Football Index has been described as a Ponzi scheme. As we have heard, its executives were warned soon after its launch—in fact, as early as 2016—that their so-called football stock market would prove unsustainable. All the warnings came some five years before its eventual collapse, leaving serious questions about how effective regulation was.”