News

Banking reforms become law after getting Royal Assent

"This is a major milestone and marks the end of a three year process, led by the government, to make the UK banking system stronger and safer so that it can support the economy, help businesses and serve consumers," Treasury minister Sajid Javid said.

City minister Sajid Javid warns on ‘too big to fail’ risk

Mr Javid said on Tuesday that the new banking reform bill, which receives Royal Assent on Wednesday, would “dramatically reduce the risk of what we call the ‘too big to fail’ risk” which forced the taxpayer to bail out Royal Bank of Scotland and Lloyds Banking Group in 2008-9.

Goodwin ‘may have been prosecuted’ under new plans

Disgraced former Royal Bank of Scotland chief executive Fred Goodwin may have been prosecuted under new Government plans to reform the banking system, Treasury Minister Sajid Javid said today.

What Mandela meant to my generation

I was one of the millions who watched a smiling Nelson Mandela walk free in February 1990, having served twenty-seven years in prison.  I still feel goose pimples when I remember it.  That year I turned 21.  The economy was booming, and the Berlin Wall had fallen only three months earlier.  As a young brown face among white ones, I had experienced isolated incidents of racism even in our open and tolerant country.  But to have to live in a state where racism was state-organised was, for me, unimaginable.

EU

People throughout Bromsgrove frequently contact me about the UK’s relationship with the EU.  I understand their concerns, and I am pleased to say that this Government has already acted on this important matter.