Clause 6 — Extension of scope of regulation

Part of Financial Services Bill (Money) (No. 2) – in the House of Commons at 9:15 pm on 10 December 2012.

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Photo of Geoffrey Clifton-Brown Geoffrey Clifton-Brown Chair, Committee of Selection 9:15, 10 December 2012

To use the increase in food commodity prices as an argument for increased control over derivatives trading is a little far-fetched. Surely increased prices have much more to do with the increased world population and the weather than they have to do with commodities trading.