Results 1–20 of 659 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Kevin Hollinrake

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: I thank the Minister for his comments. I hope the people watching the debate, either in the Gallery or at home, understand that they have many friends in Parliament who want this issue to be dealt with. I know that he does as well. There is such universality of support for dealing with it properly that we will get there in the end, although we are not yet where we need to be. I appreciate...

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: I beg to move, That this House has considered the independent review of HBOS Reading. It is a pleasure to serve under your chairmanship, Sir Christopher. There are some fundamental business principles that underpin any free market economy: we compete on a fair and level playing field; we all have a fair, fighting chance of success; we all play by the same rules; and our regulations and the...

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: I do agree. The sector is so far away from the banking sector that we need that fundamental reform is needed not only in the regulatory process, but in the mechanisms that enable victims to hold the banks to account, which I will come on to soon.

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: The hon. Gentleman makes his case very well. The difficulty goes back to my point about justice being seen to be done. There is no mechanism currently. I cannot judge the guilt or innocence in the business relationship between his constituent and his bank. The key is to allow mechanisms for these people to take their complaints forward, without having to be subject to the one-sided, partial...

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: I will give way briefly.

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: I agree, and there are many cases like that. I will talk about the redress processes shortly. There are three elements to what we are discussing: the fraud itself, the potential cover-up of the fraud, and the review that supposedly provides justice for the victims of the fraud. There were finally convictions for the fraud in January 2017. Six people, including three former HBOS employees,...

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: Yes. The hon. Gentleman is absolutely right, and he touches on the human cost of these issues as well as the financial cost, which is critical. What we want to see, which I will come on to, is an opening up of all the cases that have been through the Griggs review by means of examination through a completely impartial arbitration process that will fairly adjudicate and arbitrate the claims....

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: I totally agree with that. I will come on to the disclosure of evidence shortly, but the hon. Gentleman is absolutely right: the bank could have dealt with this summarily many years ago, as soon as it came to light, but it chose not to. Why it chose not to is an open question. The basic assumption of this review was laid out by Professor Griggs himself, who was quoted as saying that when he...

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: My hon. Friend is absolutely right. It is completely one-sided. It means there is a complete imbalance of power in what is supposed to be an independent review, because the bank itself has phalanxes of advisers, whereas the victims clearly cannot afford to provide for the same number or calibre of advisers. Offers are not made on an open basis; it is a take-it-or-leave-it offer. Imagine, Sir...

HBOS Reading: Independent Review (18 Dec 2018)

Kevin Hollinrake: My right hon. Friend is absolutely right. The levels of compensation should be determined by an independent third party, not by the bank itself, because there is no methodology. Nobody can contest the findings of Professor Griggs. There is no way of interrogating how he has arrived at a number. They simply say—I have heard this so many times from Lloyds directors—“Well, we settled most...

Oral Answers to Questions — Justice: Topical Questions (18 Dec 2018)

Kevin Hollinrake: Senior managers at Lloyds-HBOS were found guilty of a scandalous fraud against their own business customers but, thus far, the bank itself has avoided or evaded any corporate sanction. Would my right hon. Friend support the Solicitor General’s efforts to make failure to prevent an economic crime a corporate offence?

Digital, Culture, Media and Sport: Broadband: Advertising (13 Dec 2018)

Kevin Hollinrake: We call it t’internet in Yorkshire. Broadband suppliers are responsible for the universal service obligation. Will they be required to use wireless technologies where those are the most cost-effective solutions?

Courts and Tribunals (Judiciary and Functions of Staff) Bill [Lords]: Authorised court and tribunal staff: legal advice and judicial functions (12 Dec 2018)

Kevin Hollinrake: This is an important point. Will my hon. and learned Friend come on to address not only the human cost if these amendments are accepted, with the potential for people in these roles at the moment to lose those jobs, but the financial costs of making those people redundant and replacing them with qualified people?

Courts and Tribunals (Judiciary and Functions of Staff) Bill [Lords]: Authorised court and tribunal staff: legal advice and judicial functions (12 Dec 2018)

Kevin Hollinrake: My hon. and learned Friend mentioned the fine work done by magistrates. Is there any way we could relax the requirements in order to increase the number of cases that may be considered by magistrates? I understand that magistrates are the most cost-effective part of the justice system.

Courts and Tribunals (Judiciary and Functions of Staff) Bill [Lords]: Authorised court and tribunal staff: legal advice and judicial functions (12 Dec 2018)

Kevin Hollinrake: The Minister makes a good point about our duty to the taxpayer. Irrespective of this nation’s financial situation, we always have a responsibility to spend the taxpayers’ money wisely. As she knows, Northallerton magistrates court in my constituency will close. She has put in place some mitigation measures to help people to continue to have access to justice, but will she ensure that...

Courts and Tribunals (Judiciary and Functions of Staff) Bill [Lords]: Authorised court and tribunal staff: legal advice and judicial functions (12 Dec 2018)

Kevin Hollinrake: We are talking about taxpayers’ money. Does the hon. Lady not accept that where such tasks are routine—say, straightforward case preparation—the people performing them should not need a legal qualification?

The Prime Minister Was Asked: Engagements (12 Dec 2018)

Kevin Hollinrake: What does the Prime Minister consider most important: playing parliamentary parlour games in this place, or protecting jobs and businesses by going back to the negotiating table and thrashing out a deal that will pass through this House?

Oral Answers to Questions — Treasury: Topical Questions (11 Dec 2018)

Kevin Hollinrake: Thank you, Mr Speaker. Banks that are guilty of the scandalous mistreatment of small businesses are allowed to design and oversee their own redress schemes, including determining the level of compensation paid to the victims. Does the Minister agree that Parliament and the regulator should take control of those processes?

Housing, Communities and Local Government: Adult Social Care (10 Dec 2018)

Kevin Hollinrake: Does my hon. Friend agree that the adoption of a German-style social insurance premium, as recommended by the joint inquiry of the Select Committees on Health and on Communities and Local Government, would ease funding pressures on local authorities and ensure that everyone had access to the social care that they needed?

European Union (Withdrawal) Act: 1st Allotted Day (4 Dec 2018)

Kevin Hollinrake: My right hon. Friend talks about avoiding a hard border in Northern Ireland. Speaking to the DUP conference at the weekend before last, he said that if Great Britain chose to vary regulations, there would be a need for regulatory checks and a customs border between Great Britain and Northern Ireland. Does he accept then that in some future world where the UK can vary its regulations as a...


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