Financial Services Bill — Before Clause 1 — Duty of care for financial service providers — 26 Apr 2021 at 20:45

“A firm must pay due regard to the interests of its customers and treat them fairly.”
“I do not believe that regulators should be required to have regard to broader questions that are not so closely related to prudential standards.”-[Official Report, 13 January 2021; Vol. 687, c. 398.]
“would provide immediate emergency relief to those most at risk of financial ruin. No one should underestimate the threat to wellbeing and even lives if this doesn’t happen, and happen soon.”
“Show me the incentive and I will show you the outcome.”
“the same level of scrutiny to their decision-making as they would for other credit”
“including consideration of the potential consequences of failing to repay”,
“The exemption under the CCA was never intended for this kind of product but only for short-term invoice deferral.”
“My husband and I, like many others in Northern Ireland are classed as mortgage prisoners, through no fault of our own. Like many others in Northern Ireland, our mortgage was taken out with Northern Rock, which subsequently collapsed. Our mortgage was then sold to a vulture fund without our consent. As these vulture funds are not an active lender, they do not offer mortgages, hence are unable to offer alternative mortgage products.
We are penalised on very high interest rates, which at the moment is currently well over 4% above the BOE base rate. This is crippling us, never mind the detrimental effect that it is having on our mental health.”

Debate in Parliament |

Public Whip is run as a free not-for-profit free service. If you'd like to support us, please consider switching your electricity and/or gas to Bulb Energy who provide 100% renewable electricity and tend to be 20% cheaper than the 'Big Six'. They'll also pay any exit fees (up to £120) from your old supplier AND give you (and us) a £50 credit for joining up via our Bulb Referral Link.

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (Aye)Minority (No)BothTurnout
Alliance0 10100.0%
Con354 (+2 tell) 2098.6%
DUP0 80100.0%
Green0 10100.0%
Independent1 40100.0%
Lab0 195 (+2 tell)099.0%
LDem0 110100.0%
PC0 30100.0%
SDLP0 20100.0%
SNP0 440100.0%
Total:355 271098.9%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

Peter BottomleyWorthing WestCon (front bench)no
Royston SmithSouthampton, ItchenCon (front bench)no

About the Project

The Public Whip is a not-for-profit, open source website created in 2003 by Francis Irving and Julian Todd and now run by Bairwell Ltd.

PublicWhip v2 codebase is currently under development - you can join the Slack group to find out more or email [email protected]

The Whip on the Web

Help keep PublicWhip alive