HBOS Reading: Independent Review

Part of the debate – in Westminster Hall at 4:30 pm on 18th December 2018.

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Photo of Alex Cunningham Alex Cunningham Labour, Stockton North 4:30 pm, 18th December 2018

I congratulate the hon. Gentleman on securing the debate. One of my constituents, Michael Field, has been a victim of the banks as well. He borrowed from Lloyds to finance the building of several houses. He maintained his payments and fulfilled the terms and conditions of the loan agreement, yet Lloyds seized his assets and foreclosed on him. He then discovered that his assets had been sold on to another organisation within the bank. Does the hon. Gentleman agree that the Government need to have parallel and very specific inquiries about the operation of Lloyds in relation to these and similar matters?