Richard Burgon (25391)
This page contains possible times in debates that Richard Burgon may have disclosed an interest.
This match is loose and is likely to include false positives.
2024-09-03: Match score 66%
I am, thank you. I will bring my remarks to a close by asking, is it not the case that the shadow Secretary of State is being deeply ideological and is only interested in the privatised model and the pursuit of profit, regardless of the effect on the public?
2023-12-06: Match score 63%
The hon. Member makes an important point. The example he gives of the closure of so many high-street banks, which disadvantages people in my community as well as in rural communities, just goes to show that the banks’ huge increase in profits has not been achieved through delivering a better service to consumers at all. Higher interest rates have not been passed on to savers; they have been hoarded by the banks, creating a windfall for them of many billions for doing nothing productive.
2023-11-23: Match score 61%
I wish to end my comments today on one sector that has been doing very well out of this crisis, and that is the banks. The banks, in my view, must now be made to pay their fair share. Just like the energy companies, the banks have used this crisis to line their pockets with windfall profits. They have done that by charging higher interest rates for loans but not passing the money on to savers—easy money indeed. Therefore, just like the energy companies, the banks should face a windfall tax on such unexpected and frankly unmerited gains. The pre-tax profits of the four big banks—Lloyds, Barclays, HSBC and NatWest—are up 79% so far this year, compared with the same period in 2022.