Football Index Collapse

Bell Ribeiro-Addy Excerpts
Tuesday 7th June 2022

(2 years, 4 months ago)

Westminster Hall
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Liz Twist Portrait Liz Twist
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I give way to my hon. Friend the Member for Streatham (Bell Ribeiro-Addy).

Bell Ribeiro-Addy Portrait Bell Ribeiro-Addy
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I thank my hon. Friend for giving way and for making such a brilliant speech on an issue that has affected so many of our constituents. At the end of last year, I met my constituents who are victims of the Football Index collapse, and they shared with me details about the impact that the collapse has had on them financially. However, what they spoke about in most detail was the emotional impact and the damage to their mental health. Some felt ashamed or guilty for getting family members to invest and lose money in Football Index as well. Securing redress for the victims of the Football Index collapse is about more than just financial redress; it is also about giving them justice, given the emotional and psychological damage that the whole incident has caused. Does my hon. Friend agree?

Liz Twist Portrait Liz Twist
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I most certainly agree. I know the real impact that the collapse has had on my constituents’ wellbeing—not just financially. My hon. Friend makes a valid point.