financial services – The Church of England in Parliament

Financial Services and Markets Bill: Bishop of Manchester supports amendments on environmental protections

The Bishop of Manchester spoke in support of a group of amendments to the Financial Services and Markets Bill focused on environmental protection on 9th September 2026:

The Lord Bishop of Manchester: My Lords, financial stability is crucial for sustainable growth. It is what allows people and families to plan for the future, to reliably hold savings, pensions and mortgages, and of course it supports businesses to create the jobs on which we depend. In the same way, financial growth and environmental stewardship are interdependent. Growth provides us with resources that allow us to invest in new sustainable fuels, clean infrastructure and new ways to tackle the climate crisis.

Votes: Financial Services and Markets Bill

On 7th September 2026, the House of Lords debated the Financial Services and Markets Bill. Votes were held on amendments to the bill, in which a Bishop took part.

Financial Services and Markets Bill: Bishop of Manchester supports amendments on consumer protection and affordability

The Bishop of Manchester spoke in support of amendments to the Financial Services and Markets Bill focused on consumer protection and affordable credit on 7th September 2026:

The Lord Bishop of Manchester: My Lords, I support Amendment 2 in the name of the noble Baroness, Lady Bowles of Berkhamsted, to which I have added my name. As we have already heard, this amendment would ensure that, when provisions of the Consumer Credit Act are repealed or replaced by FCA rules, the overall level of consumer protection would not be diminished. The Consumer Credit Act has long provided established routes of redress to consumers; it has done so for decades. It provides a core of fundamental protections enshrined in primary legislation and developed through parliamentary scrutiny, and probably is fairly well known.

Financial Services and Markets Bill: Bishop of Manchester supports amendments on regulation

The Bishop of Manchester spoke in support of amendments to the Financial Services and Markets Bill focused on strengthening adherence to regulatory principles on 29th June 2026:

The Lord Bishop of Manchester: My Lords, I, too, support all the amendments in this group, but I will limit my remarks to Amendment 80, to which I have added my name. I note that I appear to be the only man to have signed any of the amendments in this group. I hope that does not mean that climate concern is now becoming divided on gender lines; climate risks are not sex specific. Perhaps I might encourage some other men to rise and support amendments in this group.

Financial Services and Markets Bill: Bishop of Manchester speaks in committee

The Bishop of Manchester spoke at the first committee debate for the Financial Services and Markets Bill on 22nd June 2022, stressing the importance of face-to-face banking and financial services:

The Lord Bishop of Manchester: My Lords, it is a great honour to follow the noble Baroness., Lady Tyler. As I listened to her speech, I was crossing off most of the things that I was going to say, because she said them much more eloquently than I could have, and I am thankful for that. We need to be able to provide everybody with the best possible services, locally available. As the noble Baroness said, when people are at their most vulnerable, at the most crucial moments of their lives and taking the big decisions, being face to face makes all the difference.

Financial Services and Markets Bill: Bishop of Manchester speaks at second reading

The Bishop of Manchester spoke at the second reading of the Financial Services and Markets Bill on 8th June 2026, raising the issue of access to credit and impact of debt on vulnerable people and communities:

The Lord Bishop of Manchester: My Lords, I declare my interests as set out in the register. As with all my colleagues on these Benches—not that there seem to be many of them here today—my stipend, pension contributions, housing and working costs are provided by the Church Commissioners for England. As an issuer of bonds, something we started when I was chairing, it is a regulated body.

I welcome the intention behind the Bill to modernise our financial services and to support economic growth. However, our aim must be to enable economic opportunity for all communities. Amid what is still a cost of living crisis, we must measure economic success not only by the growth of the economy itself but by how it promotes the dignity of those most in need and protects individuals at times when the system fails. It is a large Bill, so I will focus on just a few main aspects: access to credit, credit unions, consumer protection, and access to wider banking services. These are probably the issues that are most appropriate for one who is a bishop, not a banker.

Bishop of St Albans asks about financial regulation

The Bishop of St Albans received the following written answers on 6th January 2025:

The Lord Bishop of St Albans asked His Majesty’s Government:

what assessment they have made of the Report on the Call for Evidence about the Financial Conduct Authority, published by the APPG for Investment Fraud and Fairer Financial Services, and what steps they are taking to implement its recommendations.
what assessment they have made of the recommendation from the APPG for Investment Fraud and Fairer Financial Services to establish a Financial Regulators’ Supervisory Council and to conduct periodic reviews of the operational effectiveness of the Financial Conduct Authority.

Bishop of St Albans asks about statutory right to use and access cash

The Bishop of St Albans received the following written answer on 12th November 2024:

The Lord Bishop of St Albans asked His Majesty’s Government

what steps they are taking to support people who rely solely on cash (1) to access cash, and (2) to access digital banking alternatives to cash.
whether they intend to introduce a statutory right to pay for goods and services in cash; and if so, whether this would be subject to financial limits.

Bishop of St Albans asks about access to bank accounts and services for small businesses

The Bishop of St Albans received the following written answer on 5th February 2024:

The Lord Bishop of St Albans asked His Majesty’s Government:

what assessment they have made of the impact on small businesses in rural areas of having their bank accounts frozen or closed entirely.
what assessment they have made of the impact on small businesses of many banks, including HSBC, NatWest and Santander, not allowing them to open accounts.
what plans they have to ensure that banks do not unfairly refuse applications to small businesses to open accounts, given that there is no requirement currently to tell a customer why they have been turned down.

Baroness Vere of Norbiton (Con, Treasury): The Government recognises the vital role SMEs play in fuelling economic growth, and it is important they can access the banking services they need.

Votes: Levelling-up and Regeneration Bill

On 4th September 2023, the House of Lords debated the Levelling-up and Regeneration Bill in the report stage. Votes were held on amendments to the bill, in which a Bishop took part:

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