Tulip Siddiq MP: speeches

Speeches

• 10 Jun 2025 · Attention Deficit Hyperactivity Disorder · Hansard source

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  The hon. Member is making an important speech on behalf of his constituent. He mentioned the diagnosis process; I have seen in my casework that constituents in hard-to-reach communities find it difficult to navigate the ADHD process, and some appeal to the wrong groups for advice and information. Ultimately, they end up on the waiting list for even longer, because the people they reached out to were not the right ones. Does the hon. Member agree that Government and local authorities need to work together to provide targeted information to marginalised groups and hard-to-reach communities, so that people do not fall even further behind their privileged peers?

• 22 May 2025 · EU-UK Summit · Hansard source

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  The UK is not part of the list of travellers scheme, which is why it is so hard for schoolchildren to go on trips. Does my hon. Friend agree that we should have better access to Europe, like we had when we were growing up?

• 22 May 2025 · EU-UK Summit · Hansard source

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  Will the hon. Member clarify whether he said that tens of thousands of Europeans were coming in? Is that an accurate figure?

• 20 May 2025 · UK-EU Summit · Hansard source

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  May I congratulate the Prime Minister on securing a landmark deal with our European neighbours? The Prime Minister will know that my constituency has been a leading light in the creative industries for a long time—and not just because my predecessor was a double Oscar-winning actress. Local actors have been coming to me expressing their frustration about securing work in Europe because of delays with work visas, and also because of the limit of 90 days for UK nationals. Can the Prime Minister reassure my local performers that they will not just be waiting in the wings while the rest of Europe takes centre stage?

• 19 Mar 2025 · Ethnic Minority People: Discrimination · Hansard source

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  6. What steps she is taking to help end discrimination against ethnic minority people.

• 5 Feb 2025 · High Street Retailers · Hansard source

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  On that point, will the hon. Gentleman give way?

• 5 Feb 2025 · High Street Retailers · Hansard source

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  The hon. Member is being very generous with his time. He has brought a very important debate to the House. Others might disagree, but I think my constituency is the best in the world. We have one of the prettiest high streets in Hampstead, but the problem at the moment is that Hampstead post office is under threat of closure because of years of under-investment. I personally have been going there since I was a teenager. Elderly people and small businesses, which the hon. Gentleman referred to, rely on it. Does he agree that if we want our high streets to thrive, the post office has to stay open?

• 7 Jan 2025 · Draft Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024 Draft Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024 Draft Short Selling Regulations 2024 · Hansard source

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  I beg to move, That the Committee has considered the draft Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024.

• 11 Dec 2024 · Finance Bill · Hansard source

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  I have already given way once to the hon. Gentleman.

• 11 Dec 2024 · Finance Bill · Hansard source

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  I can tell the hon. Gentleman very confidently that the thing that will help first-time buyers in this country most is building more houses. His Government absolutely failed to do that, but we will be doing it. Returning to the Bill, we estimate that approximately half of those paying the non-resident surcharge will also pay the higher rates for additional dwellings. This means that a non-resident purchasing an additional residential property worth £300,000 now pays £23,500 as a result of the change in rates, compared with £17,500 before the change, an increase of £6,000. This compares with a UK-resident purchaser buying their first home, who pays no SDLT, and a UK-resident home mover, who currently pays £2,500. This change therefore improves the comparative advantage of UK-resident home movers and first-time buyers—as the hon. Member for Hinckley and Bosworth (Dr Evans) might be pleased to know—while ensuring that no additional barriers are faced by those coming to the UK and buying their first or only home. Those buying an additional property before they can sell their main residence will be liable for the higher rates for additional dwellings. However, this will be refunded if the previous main residence is sold within three years of the purchase of a new main residence, or longer if there are exceptional circumstances, such as delays in cladding remuneration. This ensures that only those who are genuinely liable for higher rates will be required to pay them. Clause 50 increases the higher rates of SDLT on the purchase of additional dwellings by individuals and dwellings by companies from three percentage points above the main residential rates of SDLT to five percentage points. This applies to transactions with an effective date on or after 30 October this year and before 1 April next year.

• 11 Dec 2024 · Finance Bill · Hansard source

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  I have to admit that I have found this debate a little baffling, given some of the arguments made from the Opposition Front Benches. However, I will respond to some of them now.

• 3 Dec 2024 · National Insurance Contributions (Secondary Class 1 Contributions) Bill · Hansard source

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  You’re the shadow Minister.

• 3 Dec 2024 · National Insurance Contributions (Secondary Class 1 Contributions) Bill · Hansard source

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  I am reluctant to do so, but I will.

• 3 Dec 2024 · National Insurance Contributions (Secondary Class 1 Contributions) Bill · Hansard source

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  If you will forgive me, Madam Deputy Speaker, I feel that a lettuce would have better judgment. I turn to the devolved Governments. The Government will provide Departments and other public sector employers with support for additional ER NICs costs only. The funding will be allocated to Departments, with the Barnett formula applying in the usual way. The overall outcome of the Barnett formula is that all the devolved Governments will receive at least 20% more funding per person than the equivalent UK Government spending in the rest of the UK. The Scottish Government will receive £47.7 billion in 2025-26, including an additional £3.4 billion through the operation of the Barnett formula. The Welsh Government will receive £21 billion in 2025-26, including an additional £1.7 billion through the operation of the Barnett formula.

• 3 Dec 2024 · National Insurance Contributions (Secondary Class 1 Contributions) Bill · Hansard source

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  As far as I am concerned, the current numbers are the correct ones.

• 3 Dec 2024 · National Insurance Contributions (Secondary Class 1 Contributions) Bill · Hansard source

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  With pleasure.

• 3 Dec 2024 · Financial Conduct Authority · Hansard source

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  I understand that lots of people have suffered, as the report explains, which I said I have read. However, I do have confidence in the FCA; I have sent it remit letters outlining what we expect it to do to deliver on its objectives. The FCA is looking at certain things such as its rulebook, which we think is too extensive, to look at rules that no longer need to be applied but, overall, we are working with the FCA closely and we believe that it is trying its best. It is not possible to have a system where nothing ever goes wrong, but we are trying to minimise that and ensure that there is consumer protection. The FCA knows that we are working together to deliver on its objectives.

• 3 Dec 2024 · Financial Conduct Authority · Hansard source

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  I read that report with great interest and have a lot of sympathy for those who suffered. However, a lot of the incidents described happened a very long time ago. The FCA has made substantial changes in response to those experiences. That does not mean the end of our engagement with the FCA, but we are continuing to hold it to account and it has made changes since the report came to light.

• 25 Nov 2024 · Draft Financial Services and Markets Act 2000 (Ombudsman Scheme) (Fees) Regulations 2024 · Hansard source

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  I thank the shadow Minister for his support so far on all the SIs we have debated; long may it continue, but I have a feeling we may disagree on some things in the future. There was cross-party support for the enabling power behind the instrument when it was debated during the passage of the Financial Services and Markets Act 2023. He will remember that at the time, I also supported the then Government, because a lot of the legislation was fit and right for the sector. We are committed to tackling poor behaviour from professional representatives, as were the previous Government. We want to ensure that the FOS can focus on promptly resolving consumer complaints, as the shadow Minister said, and to reduce the impact of complaints on financial services firms when they are not appropriate. The shadow Minister asked how long it will take the FOS to implement these rules and how we will monitor them. If the SI is approved, we expect that the FOS will shortly announce when it will start to charge fees. We will then work closely with the FOS and the FCA to progress that important work. There is not really a deadline on it; we just have to see how it progresses after the SI. I guess those organisations are waiting for us to approve the SI before they take on the work, but as he can imagine, we work closely with the FCA and the FOS to monitor progress. I am afraid I will have to come back to the shadow Minister on his technical question, because I am not sure that we have any answers. It looks like my officials want me to write to him, if that is okay. I thank the Committee for its consideration of the draft regulations. They may sound simple, but they will have a huge impact on people bringing complaints and how much that costs them. They will play an important role in ensuring that the FOS can properly focus on resolving consumer complaints, a lot of which will come from people who live in our constituencies, and reduce the impact of spurious complaints on financial services firms. I thank all hon. Members for supporting me and for turning up on a Monday evening. Question put and agreed to.

• 19 Nov 2024 · Draft Collective Investment Schemes (Temporary Recognition) and Central Counterparties (Transitional Provision) (Amendment) Regulations 2024 Draft Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Regulations 2024 · Hansard source

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  I beg to move, That the Committee has considered the draft Collective Investment Schemes (Temporary Recognition) and Central Counterparties (Transitional Provision) (Amendment) Regulations 2024.

• 18 Nov 2024 · Financial Services: Mansion House Speech · Hansard source

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  I have already mentioned our first step with the two SIs laid on 14 October, which try to modernise the Building Societies Act, and I am happy to send my hon. Friend further information on that. The main thing we will do is carefully consider the findings of the Law Commission reviews to understand whether reform of the legislation is needed to ensure that businesses are better supported and grow more in the future. The response to the calls for evidence will be carefully considered by myself and others, and any potential reform will require formal consultation. I want to make sure that my hon. Friend knows that at the top of our agenda is trying to unlock the full potential of this important sector after 14 years of that not having happened.

• 18 Nov 2024 · Financial Services: Mansion House Speech · Hansard source

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  We will build on the success of the pools that already exist. If the hon. Gentleman is not satisfied with my answer, the Minister for Pensions is happy to meet with him.

• 18 Nov 2024 · Financial Services: Mansion House Speech · Hansard source

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  I know that the right hon. Member did a huge amount of work in the financial services sector while he was in office. The civil servants still talk about how amazing he was—much to my dismay sometimes! We agree that there needs to be a change in appetite in this place. Transparency is top of the list, as the Minister for Pensions just whispered in my ear. We thank the right hon. Member for his constructive approach on the review, and urge him to tell the people he knows in the sector to respond to and feed in to the consultation.

• 18 Nov 2024 · Financial Services: Mansion House Speech · Hansard source

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  I absolutely share my hon. Friend’s enthusiasm for credit unions—I have visited those in my constituency several times and know what good work they do. We have made clear our strong support for the mutual sector. We recognise the value that credit unions bring to their members in local communities, including in her constituency. The Chancellor launched a call for evidence on reforming the credit union common bond during the Mansion House speech last week. We want to understand whether reform is needed in that space to help credit unions to grow substantially. Once we have completed the call for evidence, we will consider how much of that reform we can take forward as a Labour Government.

• 18 Nov 2024 · Financial Services: Mansion House Speech · Hansard source

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  The consultation is ongoing, but I repeat that each administering authority will retain control over impactful decisions by setting out investment objectives and strategic asset allocation, and they will have control over their pooled assets. The Minister for Pensions will be happy to meet the hon. Lady should she wish to discuss that further. As the hon. Lady said herself, the consultation is ongoing, so she may wish to wait until after it is complete.