Nick Fletcher
Main Page: Nick Fletcher (Conservative - Don Valley)Department Debates - View all Nick Fletcher's debates with the HM Treasury
(3 weeks, 2 days ago)
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Jeremy Hunt
The hon. Gentleman is absolutely right to say that the Government are taking this issue very seriously, and we completely understand that speed is of the essence. It is now only a matter of days before the report will be published; we have always said that we want to publish our response very quickly after that and I assure the hon. Gentleman that we will not hang around.
Nick Fletcher (Don Valley) (Con)
The best way for a business to thrive and for customers to receive a great service is for companies to employ individuals on merit. Does the Chancellor agree that the recent overreach by the Financial Conduct Authority and the Prudential Regulation Authority regarding their equality, diversity and inclusion policies is a step too far, and that it is inevitable that those policies will have a negative effect on us all?
Bim Afolami
My hon. Friend makes an important point. It is important that the FCA bears in mind that it should not be distracted from its core focus on conduct and regulation by things that are more marginal for the people and businesses it oversees. I urge the FCA to take into account the representations made by my hon. Friend and by industry in that regard and many others.