← LEADERSHIP TERMINAL

UK PARLIAMENT · SITTING

Dame Angela Eagle

MP for Wallasey · Labour · United Kingdom

IN THEIR OWN WORDS

The Kremlin increasingly relies on proxy organisations to pursue its objectives, seeking to undermine our security while maintaining a degree of plausible deniability. The so-called GRU Volunteer Corps is a clear example of that approach. It is not an independent force or a loose collection of volunteers.

NATIONAL SECURITY · 2026-07-15 · READ IN HANSARD

This Government have introduced support for the Jewish communities who have been threatened and directly targeted by IRGC proxies. Just a couple of days ago, my right hon. Friend the Prime Minister announced an extra £250 million for policing to ensure that we can support and protect our Jewish communities.

NATIONAL SECURITY · 2026-07-15 · READ IN HANSARD

I will move on to the Islamic Movement of Companions of the Right. The IMCR has publicly claimed seven attacks at UK locations linked to Jewish and Israeli communities and to Persian-language media, including the antisemitic arson attack on four Hatzola ambulances in Golders Green on 23 March.

NATIONAL SECURITY · 2026-07-15 · READ IN HANSARD

We expect platforms to act responsibly and not to provide space for state threat-linked activity, propaganda or recruitment. We will be keeping a close eye on that, as well as liaising with social media companies to tell them about how this law impacts them.

NATIONAL SECURITY · 2026-07-15 · READ IN HANSARD

The IRGC Quds Force and the IRGC Intelligence Organisation, together with the Ministry of Intelligence and Security, form the Iranian intelligence apparatus. As a key component of the Iranian state’s security apparatus, the IRGC is answerable directly to Iran’s Supreme Leader.

NATIONAL SECURITY · 2026-07-15 · READ IN HANSARD

It provides a targeted and proportionate means of disrupting those involved in foreign power threat activity based on the recommendations of Jonathan Hall KC, the independent reviewer of state threat legislation. To answer the hon.

NATIONAL SECURITY · 2026-07-15 · READ IN HANSARD

The complete record

Every one of 5,924 lines we hold for Dame Angela Eagle, in date order, each linked to its source. Free to read, in full, without an account. Page 31 of 119.

  1. No fewer than 300 anti-LGBT+ laws have been introduced by the Republicans in the USA, attempting to create a new era of repression that includes, significantly, the rolling back of women’s abortion rights and the overturning of Roe v. Wade. As I have said, in the fight for equality, we advance together or not at all. If we start losing LGBT+ rights, women’s rights will not be far behind. After all those warnings, I wish to end on a positive note. There has been an increase in nations decriminalising LGBT+ relationships, and equal marriage legislation has progressed across the world, which means 33 countries have such laws, covering 1.3 billion people. I am already taken, Madam Deputy Speaker, but 1.3 billion people is quite a big pool to fish in.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  2. I agree with the hon. and learned Lady about the work that the Government should be doing abroad. To be fair to the Government, they do use and are using diplomatic channels, particularly to try to further decriminalisation in those countries that still criminalise LGBT relationships. While I have to give the Minister 10 out of 10 for his tie at the Qatar world cup, I can give only five out of 10 for his Government as a whole for their work across the world, simply because there are such contradictions between doing good, progressive things in some areas and then contemplating really not very progressive things at all in others. I hope that he will be able to reassure us that sending asylum seekers to Ghana is not on his Government’s to-do list.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  3. No, I certainly am not—I am making a general observation, as my hon. Friend knows. There is progress in the world, but there is also regression. It is up to us all to put our collective shoulder to the wheel in this House and push our country and the world towards progress and liberation.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  4. The sympathy of the whole House is with the Minister for his sad and difficult experience of gay bashing. What kind of timetable do the Government envisage for this Bill, because draft legislation can hang around for a very long time? Will he take this opportunity to confirm from the Dispatch Box that the Bill will not have loopholes that allow people to consent to conversion?

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  5. The Minister is being very generous in giving way. On the issue of transgender people, could he say something about the Government’s intentions with respect to the delisting of up to 18 countries that issue gender certificates via legal declaration rather than by following a medicalised model? It was announced in a written ministerial statement that the Government have launched a review.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  6. The Minister has just confirmed that there will be a removal of countries that are on the list. Are those the 18 that currently do legal declaration rather than a medicalised model? Are we looking at a huge change that will take away rights from transgender people in this country?

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  7. We lost her last year, but as she was the first out lesbian MP—she was outed in the columns of the Daily Mail in terrible circumstances; what a surprise—we owe her a great deal. Those of us who are lesbians in this House have followed her trailblazing and we remember her today. Question put and agreed to. Resolved, That this House has considered LGBT history month.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  8. We will continue to do all that we can to assist the Government and their diplomatic forces to minimise that. We have had some of the most profound and important speeches that I have heard in a debate. We have had some pretty good jokes and a bit of spicy stuff, which I will not repeat, in case Madam Deputy Speaker worries about it. At the beginning of LGBT History Month, I leave the thoughts of the House with my predecessor, the first out lesbian Member of the House, Maureen Colquhoun, who was a doughty battler for the rights of lesbians and women. She was a feminist and a campaigner, and she was well ahead of her time in this House in the 1970s. She was fearless, committed and brilliant.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  9. It gives me great pleasure to wind up this extremely enjoyable and profound debate about LGBT History Month, which has demonstrated that there is much on which we can agree across the House and that there is much still to be done across the globe and in our society. It has also flagged up a couple of things that I worry about, not least the potential ongoing battles over GRA reform, which I had hoped we could avoid—the delisting issue is definitely a worry. I look forward to working with the Minister to achieve an inclusive and effective ban on conversion therapy sooner rather than later. I have enjoyed, and hope to continue to enjoy, the work that the all-party parliamentary group is doing to assist those across the globe where LGBT communities still suffer from oppressive laws.

    LGBT HISTORY MONTH · 2023-02-02 · READ IN HANSARD

  10. We have a legislative vehicle, we could do it now, and he could enhance his reputation.

    HILLSBOROUGH FAMILIES REPORT: NATIONAL POLICE RESPONSE · 2023-02-01 · READ IN HANSARD

  11. The Minister speaks from the Dispatch Box for not only his Department, but the entire Government. I would have expected him to know what the approach of the Ministry of Justice to the Bill promoted by my hon. Friend and sister the Member for Garston and Halewood (Maria Eagle) on Friday would be before he came here. Will he at least say from the Dispatch Box that when he leaves the Chamber, he will go to the Ministry of Justice and get permission from them to ensure that on Friday, my hon. Friend and sister’s Bill, which provides for an independent public advocate, will be let into Committee and not be blocked, so that the clauses that the Ministry of Justice is currently drafting can be incorporated into the Bill in Committee? We have a legislative vehicle, we could do it now, and he could enhance his reputation.

    HILLSBOROUGH FAMILIES REPORT: NATIONAL POLICE RESPONSE · 2023-02-01 · READ IN HANSARD

  12. Despite the Minister’s bluster, the Government Benches are empty. Conservative Members have not come to the Chamber in large numbers to defend the Government’s economic results, because the IMF forecast is devastating, as it lays bare the economic incompetence of this Government. Sanctioned Russia is still doing better than we are. This Government are unfit to run the economy, as unfit as those on the Treasury Bench are to be in the Treasury.

    IMF ECONOMIC OUTLOOK · 2023-01-31 · READ IN HANSARD

  13. On minimum service guarantees, does my hon. Friend think that the Conservative party has a brass neck to try to enforce minimum service guarantees, which are always made by agreement on any strike anyway, but says nothing at all about the catastrophic loss of service guarantees because of their mismanagement and underfunding on every other day?

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  14. The crisis this winter was predictable and building long before we arrived here. Normally, the NHS and the Department plan for winter crises in the summer months, but this year something else was going on in the summer months, wasn’t it? The Tory leadership election. Does the Secretary of State regret what the distraction of the Tories’ internal faction fighting has led to, which is the inability of this Government to plan ahead and do the day job, and the fall below minimum standards of the Government service?

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  15. They chose to have a divide-and-rule strategy, and they chose to try to scapegoat and blame NHS staff for the terrible conditions I have been talking about. Perhaps the Government should consider legislating for a minimum service outside of strike days, because we are going to be in the absurd position of having, by law, guarantees on strike days—they could be negotiated anyway and always have been—that do not apply on non-strike days. It is an insult when the Secretary of State meets the health unions and says they have to increase their productivity. They are working beyond any amount of time that any human being should be asked to work.

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  16. Frankly, a hospital should be the best place to have a cardiac arrest if somebody is going to have one, but it is now not so in Tory Britain. The individual collapsed and died. With 132,000 NHS vacancies in England—over 17,800 in the north-west alone—our NHS is dangerously understaffed, under-resourced and under-respected. That is why NHS staff at the end of their tether have taken the desperate decision to go on strike. That is why any Government worth their salt would have decided to negotiate properly with them, to listen to them and to try to deal with and recognise that, in the last 13 years, a real-terms cut of 20% in nurses’ remuneration is simply not acceptable, but what did they do?

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  17. There are inhumane waits in A&E before anyone can be admitted to beds they desperately need. Staff, who are already burnt out from the stresses of the pandemic, are unable to care properly for patients and are barely able to get through a shift because of the emotional exhaustion of having to deal with those failures. A nurse at Arrowe Park in the Wirral, which serves my constituency, wrote to me recently. After 21 years of service to our NHS, she says she has “never worked in such an unsafe environment”. She says: “Staff are literally on their knees, leaving shifts late in tears, and leaving in their droves”. My constituent went on to detail a case in another local hospital in which a patient had a cardiac arrest in a hospital corridor.

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  18. Through neglect, ideological hostility and incompetence, the Tory Government are presiding over the worst crisis the NHS has ever seen. Some 7.3 million people are on the waiting list; there has been a virtual collapse of emergency response; and people cannot see a GP or get follow-up treatment without unacceptably long waits. Today, there have been reports of more than 1,000 excess deaths a week—the highest total, excluding the pandemic, since 1951. There have been many, many preventable deaths on the Government’s watch, and each and every one is a tragedy. Our NHS is in crisis from top to bottom. There are patients in hospital beds who cannot be discharged because there is no domiciliary care and nowhere for them to safely go. Ambulances are queuing for hours, unable to admit critically ill patients.

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  19. I think the hon. Lady, and I know that she is a doctor, needs to recognise that these agreements have always been made when there have been strike days in the NHS—always. I think she also needs to recognise that any Government who were being responsible would have negotiated to put an end to these strikes, recognised the fantastic service that nurses have given and dealt with the issue, instead of going for confrontation.

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  20. This is in no way acceptable. This should not be accepted by any Government worth their salt. They should hang their head in shame at what they have done to our NHS. We need to have a Government finally, which we will after the next election, who will solve these problems, instead of seeking to blame everybody else—the weather, the pandemic, the staff and any number of other things. It is about time we had a Government who have the guts to take responsibility for the decisions they have made and put it right. We are going to have such a Government soon. Shamefully, we have not now.

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  21. I am not giving way again. I am going to leave the last parts of my speech to another constituent of mine, an 83-year-old who fell alone in his home and was left. The ambulance was called at 4.15 in the afternoon—it was thought he had a fractured hip—and he was warned of a potential 14-hour wait. My constituent said he “naively thought this must be the worst case scenario and thought it was very unlikely to be that long”. He could not move, he could not sleep and he could not go to the toilet. Eighteen hours later, the ambulance arrived—18 hours later—at 10.15 the following morning. At the hospital, things got no better. There were patients on trolleys lining the corridors. For nearly another 24 hours, this 83-year-old man immobilised with pain was to lie on a trolley in a hospital corridor after 18 hours of waiting for an ambulance.

    NHS: LONG-TERM STRATEGY · 2023-01-11 · READ IN HANSARD

  22. This year, the Tory party has given us five Education Secretaries, four Chancellors, three Prime Ministers, two leadership coups— [ Interruption. ] And, Mr Speaker, the partridge has had to sell the pear tree to pay the gas bill. [ Laughter. ] Is it not the case that, after a year of Tory chaos, incompetence and self-indulgence, the best Christmas present the Prime Minister could give to the British people is a general election?

    WEST MIDLANDS ECONOMY · 2022-12-14 · READ IN HANSARD

  23. My right hon. Friend is making a powerful speech. With the benefit of hindsight, does she agree that the House would not have allowed the Government to have the emergency procurement powers that it granted at the beginning of the pandemic if we had known that they would be used in this corrupt manner?

    GOVERNMENT PPE CONTRACTS · 2022-12-06 · READ IN HANSARD

  24. Before I call the next speaker, because there are a lot of Members who want to speak, I will suggest a voluntary time limit of around four minutes. That will ensure that everybody gets in.

    INFECTED BLOOD INQUIRY AND COMPENSATION FRAMEWORK · 2022-11-24 · READ IN HANSARD

  25. Order. It has been drawn to my attention that there is a journalist in the Public Gallery using a recording device. With the best will in the world, that is not allowed. These proceedings are recorded and made publicly available. I ask that person to turn that device off. If you do not, I will have to ask the officials to escort you out. I do not want to do that. Please turn it off and get the publicly available feed. Could you do that, sir? Thank you.

    INFECTED BLOOD INQUIRY AND COMPENSATION FRAMEWORK · 2022-11-24 · READ IN HANSARD

  26. It is probably not a matter for me, but I observe that in here we are on the public record, so the Minister might wish to make some comments that he knows the Public Gallery and anyone who watches our proceedings will hear, rather than relying simply on a private meeting.

    INFECTED BLOOD INQUIRY AND COMPENSATION FRAMEWORK · 2022-11-24 · READ IN HANSARD

  27. Rape Crisis statistics show that only 3% of cases saw charges brought last year, CPS figures show that only 1.3% of reported rapes are charged or summonsed, and there was a 21% increase in rape reports from the previous year, so what on earth is the Secretary of State going to do to reverse these serial failures and to deal with this epidemic of rape, which on his watch is going unpunished?

    VIOLENCE AGAINST WOMEN AND GIRLS: REFORM OF THE CRIMINAL JUSTICE SYSTEM · 2022-11-22 · READ IN HANSARD

  28. 4. What recent assessment he has made with Cabinet colleagues of the potential impact of increases in (a) interest rates and (b) inflation on regional inequality.

    REGIONAL INEQUALITY · 2022-11-21 · READ IN HANSARD

  29. I would have informed the House of that, had the Secretary of State not got there before me. After promising to match EU structural funds in the Government’s manifesto, and then taking £1 billion a year out of them for the replacement shared prosperity fund, how can the Secretary of State claim to be levelling up when his Government have presided over a net loss in funding across the country, including in the north-west, which stands to lose £206 million under the shared prosperity fund, which the Government have failed even to inflation-proof?

    REGIONAL INEQUALITY · 2022-11-21 · READ IN HANSARD

  30. It is important that people have time to think about what they are doing and that the pricing of credit is obvious at the time of the click, so that people can make genuine decisions and not feel that they have been conned, that the price is wrong or that they have got themselves into a vortex of increasing costs that were not in front of them at the time. The consequences of allowing an entire generation to have access to that kind of consumer credit without protections are too dire to contemplate. I hope the fact that this Parliament has always put consumer protection at the heart of what it does and legislated for that purpose will prevail, and that the Minister will think about how we can sensibly and quickly bring this part of the growth industry of credit, including consumer credit, into the protected space.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  31. New clause 1 seeks to bring the new fintech ways of getting access to consumer credit—if I can put it that way—within the existing consumer protections in the Consumer Credit Act 1974, which admittedly is now pretty long in the tooth. Clearly, it is important for those to whom we give the job of protecting consumers to think in detail about how that can best be done, but it is pretty difficult to argue that we should allow the current circumstances to persist. I am interested to hear what the Minister has to say about that.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  32. We are now in an instant gratification culture, rather than the place where we said, “Put money away months before and hope you can afford to get the Christmas presents you want for your kids.” It is now a case of instantaneous availability—literally a click on a website. Klarna and various other of the buy now, pay later organisations are everywhere that it is possible to spend money. It is very difficult to imagine how that might be adding up—what the price of it actually is—when a person is in the middle of a purchase, particularly a younger person who is used to that kind of instant availability. It is very difficult for anyone to argue sensibly that the people who are clicking and making those purchases have a good idea of the price of the credit and the burden of the repayments they are taking on.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  33. The consumer credit legislation that protects customers from taking on unaffordable levels of debt and paying over the odds for credit, in a way that is often quite opaque, did not anticipate the existence of online shopping or the explosion in the kind of credit that is now easily available to those who roam the internet or look at TikTok and see lovely things that are just within reach. I speak as someone who has been around for quite a while and whose parents used to put money away in shops so that they could afford Christmas presents, before consumer credit exploded in the way that it did. The Consumer Credit Act tried to make that fair and to regulate it. This is another switch in velocity, capacity and the availability of things, and it is very difficult to discern what the price is when you take something out.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  34. I add my voice to those supporting new clause 1. I commend my hon. Friend the Member for Kingston upon Hull West and Hessle for her speech on this very important issue and my hon. Friend the Member for Walthamstow, who has long campaigned to bring buy now, pay later credit companies into some form of regulation. Obviously, their emergence has been assisted by the shift to online shopping, which we all have experienced and which was turbocharged during the lockdowns.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  35. I am glad to hear that the Minister was helpful to his mother when growing up by doing the grocery shop. He has just made a subtle point about unintended consequences of unregulated lenders—nefarious was the word he used. We would all associate ourselves with that. I wonder if the Minister would talk about speed, given that he does not agree with a month. When does he expect this process to bring forward the wherewithal to incorporate this kind of lending into regulation? Is it his view that the price and consequences of the interest rates that are attached to lending like this should be presented far more upfront when it comes to the button being clicked?

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  36. I accept what the Minister has said, but the price here is not an interest rate, it is actually what happens if one does not make the payments. It is the consequences of falling behind that are the issue rather than an interest rate.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  37. A significant number of our constituents cannot participate, for whatever reason, in the IT and tech changes that have made banking available on our phones and computer screens, and that allow us to chat to various bots that put us through to the places where we need to go. I do not know whether the Minister has had occasion to phone a bank recently or, to be honest, any other service after the pandemic, but it is one of the most frustrating things that anyone has to do. It seems there is only one phone line for all the telephone access points. One has to hang on listening to appalling music for hours on end.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  38. It is a pleasure to follow the powerful speeches of my hon. Friends the Members for Hampstead and Kilburn and for Mitcham and Morden on this important issue. It is not an issue that affects most people, who have been able to make the switch to online banking and find it more convenient—although it has to be said that there is an increasing level of worry about online banking services because of the increasing prevalence of fraud and scams. We dealt with that in earlier parts of the Bill, but we touched only the very edge of it, as the tide of the problem rises. I am sure that we will come back to the issue many times in future Bills.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  39. We will have to come in a Digital, Culture, Media and Sport Bill to outlawing the appalling music that one has to listen to when trying to access any kind of service, private or public, by phone. We have to remember that many people cannot hang on the phone forever. They cannot afford to, and they are the people who tend to need the most help. They may have pay-as-you-go phones that run out quite rapidly. They may be unable to afford to hang on at the whim of an artificial intelligence bot, or the fewer and fewer actual human beings at the other end. They cannot access even ordinary banking in the way that the majority of people do. As I have said, that can be for a number of reasons. All Members present may get to a stage in our lives when we cannot either, and when we cannot remember our PIN numbers.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  40. We already have trouble with our PIN numbers, but many people’s memories fail as they get older, or they may be in the early stages of Alzheimer’s or other dementias. They cannot remember things, they cannot deal with the security issues that are required to make banking in this way safe, and they cannot go and ask somebody to help them.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  41. Even in some places where bank offices still exist, not everybody can access them. As a Parliament, we are people who point our regulators in particular directions to deal with emerging issues, and this is an important one. I look forward to what the Minister has to say.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  42. My hon. Friend makes an extremely good point: tech developments sometimes leave people behind. That is not usually deliberate; sometimes it is thoughtless. However, we in Parliament must ensure that all citizens in this country are able to participate in what is, increasingly, effectively a utility, even though it is not in public hands—I make no comment one way or the other about that. Being unable to access banking services for whatever reason is a real disadvantage, whatever an individual’s age or time of life. That is a primary reason why we must ensure that what the market cannot provide, regulation provides. I am interested in what the Minister has to say about that. This issue will get bigger as more and more services go online. Regulation cannot happen merely at the end of a process, when access has completely disappeared.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  43. The Minister says that it is not enough of a problem at the moment to legislate. Why might that be the case? This is not going to become less of an issue. As more people get to the stage where they cannot access services, I suspect it will get worse rather than better. Could he give the Committee an idea of his thinking about how bad the situation would have to get before regulation would be appropriate? We must make certain that we do not leave millions of people behind and shut them out of access to necessary banking services.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  44. The text messages tell us, for example, that we have recently been near someone who has covid—the message is purportedly from the NHS—and we need to give them our banking details so we can pay £1.75 for access to a PCR test. We have all seen them. I am getting a load now on energy support—probably everyone is getting them—which say that the Government’s support for energy bills has to be applied for and that we have to give these people our banking details. These are very plausible texts, which many people fall for. There are phone calls as well, purportedly from the bank, and emails too. This is a sophisticated level of fraud that is psychologically very well organised.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  45. It is a pleasure to talk about this extremely important issue. The Treasury Committee produced a long and detailed report on this issue, with a series of recommendations. I hope that the Government will work cross-departmentally to put those into effect. Data sharing certainly featured in our views in that inquiry. It is hard to contemplate the size of the explosion in fraud, how little of it is captured, and how few of the perpetrators are brought to justice. That is partly because of the massive number of chances for fraudulent activity to be perpetrated, which have come with changes in access to banking and digital capacity. They range from push frauds, fraudulent emptying of bank accounts and credit card cloning, all the way through to the text messages that we all get regularly on our phones.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  46. I know that the authorities work closely with the banks to create circumstances in which compensation can be given when there is no fault, but there are big blurred lines.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  47. It ranges from very sophisticated money laundering kinds of fraud—we are not talking about money laundering here, but we could talk about it for a very long time, and about the way banking structures seem to facilitate it—to lower levels of fraud. There is fraud that is perpetrated from outside our country’s boundaries and there is sophisticated money laundering activity. We are talking about frauds that are ruining the lives of the many constituents who fall victim to them. Many people do not get compensation when they have been conned into sharing their bank details and have had their bank accounts emptied or their credit cards cloned, because they have had a hand in it in some way.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  48. They said things like, “We have 150 different things that we are meant to do by 2023, and we have done 91% of them,” but fraud is still massively increasing all the time. We need a system—a national fraud strategy—that looks at the output of fraud, rather than the processes or tick boxes by which the different anti-fraud authorities, which are fragmented all the way through, justify what they are doing. In reality, even if there is lots of work going on, the outcome is not nearly what we would want to see. Levels of fraud are rising significantly, affecting more and more people, and there are fewer and fewer successes in dealing with it.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  49. It is also without considering the areas where younger people tend to get their financial advice, such as TikTok and other places, where we probably—it has to be said, Mr Sharma—do not spend that much of our time. The windows for getting to people with these kinds of fraudulent intents and sophisticated frauds widen constantly. The capacity to deal with them does not widen as regularly and, by definition, legislation is much slower than the innovation of these people. We have asked the authorities that are tasked with fighting fraud what they are doing about it. The Treasury Committee has taken evidence on the topic, and we were struck by how fragmented those fighting fraud are across Departments and by how process-related, rather than output-related, the evidence from the authorities was.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD

  50. It makes people deeply concerned and it makes them do things that they obviously live to regret in the fullness of time. Increasingly, there are also phone calls from fraudsters pretending that they are the fraud police and that the person’s bank account has been accessed for fraudulent purposes. It is very difficult to keep up with the level of activity on our phones—we are being bombarded every day—and that is without considering the scamming that the FCA is fighting, day in, day out, on products offered online, such as pensions, insurance and investment products, all of which regularly lie beyond the regulatory border, but can lead to massive amounts of financial loss if they are believed.

    FINANCIAL SERVICES AND MARKETS BILL (NINTH SITTING) · 2022-11-03 · READ IN HANSARD