On Wednesday 26 January, Stephen spoke in the House of Commons about the increase in fraud and pressed the Government to introduce an economic crime Bill.
The Government was asked to make a statement on plans to bring forward an economic crime Bill. This followed claims by Lord Agnew that they had dropped this Bill from the legislation due in the next parliamentary session. Lord Agnew resigned as a Treasury Minister on 24 January.
Speaking in the chamber, Stephen said “the current growth of economic crime and corruption pose an existential threat to financial services - one of our biggest and most successful business sectors - and therefore the UK economy as a whole.”
You can watch Stephen’s full question and the Minister’s response below.