A cross-party Westminster group focused on investment scams and financial reform just picked new leadership after their annual meeting at Portcullis House. John McDonnell from Hayes and Harlington is taking over as chair, backed by vice chairs Sarah Bool, Lord Davies of Brixton, and Ben Lake. McDonnell said fraud victims need actual justice instead of excuses, and he pushed back against the idea that consumer protections hurt economic growth.
The team is worried about what they call a trust deficit in UK finance, saying weak enforcement keeps regular people from participating in markets and wrecks the country's reputation internationally. They wrapped up a bunch of investigations and parliamentary summits this year, and they have more hearings lined up to keep pressure on regulators and financial companies. The group runs on volunteer labor through a certified social enterprise, so there is no commercial backing involved.
The team is worried about what they call a trust deficit in UK finance, saying weak enforcement keeps regular people from participating in markets and wrecks the country's reputation internationally. They wrapped up a bunch of investigations and parliamentary summits this year, and they have more hearings lined up to keep pressure on regulators and financial companies. The group runs on volunteer labor through a certified social enterprise, so there is no commercial backing involved.
