Financial Services Reform

James Naish Excerpts

Wednesday 16th July 2025 Commons Chamber

[Emma Reynolds]

I am engaging with Martin Lewis, who is a doughty champion of consumers across the country. I say to the hon. Member that, due to the consumer duty, banks and other providers have a duty to ensure that they deliver the best outcomes for their consumers, but I note what he has said.

[James Naish (Rushcliffe) (Lab)]

I thank the Minister for her statement, and I note especially the new concierge service within the Office for Investment that will both court international development and act as a one-stop shop to promote the UK. What regional dimension might be considered within that for places such as the east midlands—the region for which I am an MP—where there is significant potential for jobs and investment?

[Emma Reynolds]

I can reassure my hon. Friend that the concierge service will be working across the country. This is about ensuring that the UK has a single shop window for international firms looking to either set up or invest further in the UK. As we set out in the Leeds reforms, the benefits of that investment and of unleashing the potential of the financial services industry should be felt across the country, in the east midlands and beyond.