Oral Answers to Questions

Debate between Grahame Morris and Kevin Hollinrake

Thursday 7th March 2024 Commons Chamber

[Kevin Hollinrake]

My hon. Friend is right to hold our feet to the fire on this. We are pressing forward and we are determined to get it right, not just out quickly. He rightly said that I set the ambition to get it out in January, and that has put officials’ feet to the fire as well in getting it out. I signed off the road map yesterday, so it should be out very shortly. I do not agree that other nations are hot on our heels on this issue, as we are way ahead. There are billions of calls in open banking every month, and millions are using this every day without even knowing it. We are going to extend those opportunities to energy, telecoms and, crucially, small and medium-sized enterprise finance, making the journey for SMEs to get business finance far easier.

[Grahame Morris (Easington) (Lab)]

T1. If she will make a statement on her departmental responsibilities.