Ex-City minister calls for ‘urgent No10 summit’ with bosses and watchdogs Politics A former City minister has called on the Prime Minister to convene an “urgent No10 summit” with the City of London and financial watchdogs in a bid to boost capital markets. During Prime Ministers’ Questions (PMQs), the Conservative MP John Glen asked Sir Keir Starmer to take the step to “steward our pension assets”. Glen, [...]
Former City minister quits Westminster group over scathing FCA report Politics The former City minister John Glen has quit a cross-parliamentary group on fairer finance after it released an incendiary report on the Financial Conduct Authority (FCA) accusing it of “incompetence”. In a letter to the Financial Times, Glen, who served as City minister between 2018 and 2022, said he was “dismayed” by the report and [...]
Tory conference: ‘Rigorous’ process for Revolut licence was ‘right’, ex-minister says Politics The “rigorous” process Revolut went through to secure its banking licence was “right”, John Glen has said. Former paymaster general Glen told a Conservatives in the City event at the annual Tory party conference in Birmingham that the digital payments app now had “credibility to grow globally”. He said: “The UK is brilliant in innovation [...]
Infected blood scandal: Compensation payments to start this year, minister says May 21, 2024 Compensation payments to the victims and families of the infected blood scandal will begin before the end of the year, the government has confirmed.