British Banking Sector - Question

Part of the debate – in the House of Lords at 3:06 pm on 21 March 2023.

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Photo of Baroness Bennett of Manor Castle Baroness Bennett of Manor Castle Green 3:06, 21 March 2023

My Lords, we have had two questions addressing the dangers of the competitiveness agenda of the Edinburgh reforms, which the Green Party has consistently opposed. The other element is that the Government talk about boosting growth. The Minister suggested that was for the general economy, but it has been presented as a desire to grow the financial sector. Is there not, as demonstrated by recent events, a great risk of too much finance and too large a financial sector when what we need is a real-sized financial sector to serve the real economy?