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Speech in Westminster Hall - Wed 23 Jan 2019
Balanced Budget Rule

"I completely agree that we have a big job to do after Brexit, in terms of ensuring that our infrastructure works and that our country is well prepared for the future and has the necessary flexibility to take the opportunities that will come our way in the coming decades. If, …..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: Balanced Budget Rule
Speech in Commons Chamber - Thu 06 Dec 2018
European Union (Withdrawal) Act

"Mr Speaker, if you had said to me that, a year and a half after I was first elected, I would be standing in this place in order to rebel against my Government I would have been extremely surprised. It is testament to the problem that we have in front …..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: European Union (Withdrawal) Act
Speech in Commons Chamber - Tue 06 Nov 2018
Oral Answers to Questions

"5. What steps he is taking to increase productivity in the economy. ..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Tue 06 Nov 2018
Oral Answers to Questions

"With that very increase in infrastructure funding to £37 billion, what opportunities are there in places such as North East Derbyshire to invest in regeneration and communities?..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: Oral Answers to Questions
Speech in Westminster Hall - Thu 11 Oct 2018
Freeports

"It is a pleasure to serve under your chairmanship, Mr Hanson, and thank you for the opportunity to contribute.

I congratulate my hon. Friend the Member for Middlesbrough South and East Cleveland (Mr Clarke), and other hon. Members present, on being the driving force behind this debate, to which it …..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: Freeports
Speech in Westminster Hall - Thu 11 Oct 2018
Freeports

"I am grateful to the hon. Lady for outlining all the potential issues, but does that mean we should not have freeports because those things may happen?..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: Freeports
Written Question
Claims Management Services
Monday 10th September 2018

Asked by: Lee Rowley (Conservative - North East Derbyshire)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to include (a) claims management companies and (b) law firms undertaking claims activities in the remit of the Financial Conduct Authority's jurisdiction and supervision under the supervision of the Solicitors Regulatory Authority.

Answered by John Glen

The government is committed to strengthening claims management regulation. The provisions of the Financial Guidance and Claims Act allows the Financial Conduct Authority (FCA) to introduce a regulatory regime that enhances both consumer protection and professionalism in the sector.

The government will introduce secondary legislation in the autumn to enable the transfer of claims management activity from the Claims Management Regulation Unit to the FCA, and the transfer of complaints handling from the Legal Ombudsman to the Financial Ombudsman Service. From 1 April 2019, the FCA and the Solicitors Regulation Authority (SRA) will regulate firms that carry out claims management activities, and the Financial Ombudsman will handle complaints made about regulated firms.

Law firms undertaking claims management activity will be exempt from regulation by the FCA, but are regulated by the SRA. The FCA and the SRA are working to review their memorandum of understanding to ensure they work together to effectively regulate relevant firms.

Written Question
Claims Management Services
Monday 10th September 2018

Asked by: Lee Rowley (Conservative - North East Derbyshire)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether (a) his Department or (b) the Financial Conduct Authority has made an assessment of trends in the level of costs for financial services as a result of (i) spurious and (ii) fraudulent claims by claims management companies.

Answered by John Glen

HM Treasury and the Financial Conduct Authority (FCA) do not make assessments of the level of costs for financial services as a result of spurious and fraudulent claims by claims management companies (CMCs).

In 2015 the government commissioned an independent review which found that there was still widespread evidence of detriment caused by CMCs. The FCA’s research found that some CMCs used ‘heavy and persuasive marketing tactics’ and offered poor value for money to consumers, despite regulation by the Claims Management Regulator (CMR) under the Ministry of Justice.

The Financial Guidance and Claims Act strengthens the regulation of CMCs by transferring regulatory responsibility from the CMR to the FCA. The FCA will regulate most claims management activity from the 1 April 2019 and will continue to monitor the activities of CMCs and its impact on the sectors they are active in.

Speech in Westminster Hall - Tue 24 Jul 2018
Office for Budget Responsibility

"It is a pleasure to serve under your chairmanship, Mr Gray. I congratulate my hon. Friend the Member for Ochil and South Perthshire (Luke Graham) on securing this important debate; the relatively small number of Members in the Chamber is disproportionate to its impact, and I know our colleagues are …..."
Lee Rowley - View Speech

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Speech in Westminster Hall - Tue 24 Jul 2018
Office for Budget Responsibility

"No one assumes that the 2017 election was perfect on both sides. I accept the principle of what the hon. Lady says to some extent: we did not have a good economic debate in the 2017 election, and I hope proposals such as this will improve the quality and standard …..."
Lee Rowley - View Speech

View all Lee Rowley (Con - North East Derbyshire) contributions to the debate on: Office for Budget Responsibility