Economic Growth

Lord Forsyth of Drumlean Excerpts

Wednesday 11th June 2025 Lords Chamber

[Lord Livermore (Lab)]

I completely agree with my noble friend.

[Lord Forsyth of Drumlean (Con)]

On a constructive note, will the Minister give an undertaking to take an early opportunity to read the report that will be produced on Friday by the Financial Services Regulation Committee of this House, which sets out a clear agenda for how the regulators can help to establish growth in financial services, which should be a matter of consensus across the board? It certainly is a unanimous report by this House of the kind of quality that this House is famed for but which does not always result in immediate action by Governments.

[Lord Livermore (Lab)]

I am very grateful to the noble Lord for his question. I absolutely will read the report as soon as it is published. I was lucky enough to serve on the Economic Affairs Committee when the noble Lord was its chair and I know he is now the chair of the committee producing this report, so I know it will be a report of incredible quality and I look forward to reading it. I know the Chancellor shares many of the committee’s objectives when it comes to financial services, and I hope the noble Lord will see much of that agenda laid out in her next Mansion House speech. I look forward to debating the report with him in this House in due course.