December 2, 2009
I know well the constituency of my hon. Friend the Member for Reading, East as it includes the town I was brought up in. I was educated at the local grammar school, Reading school, as I mentioned earlier. John Weeds, the principal, does a fantastic job. When I was there over three decades ago, it opened up a lot of opportunities for a lot of people from relatively deprived backgrounds. I fear that its academic excellence, coupled with the fact that its catchment area is rather broader than it was in the 1970s and early 1980s when I was a pupil, mean that it probably has more children from middle-class, aspirational and professional backgrounds than when I was there. It continues to have fantastic academic results. It is a beacon, and it is rare for it to slip outside the national top 10 state schools for academic results.
December 1, 2009
I entirely agree with my hon. Friend on the alternative investment directive. Is not the bigger criticism of it, however, that it simply betrayed, among those in the European Union who are attempting to introduce it, a lack of understanding about the role of asset management and, indeed, its non-role in the credit crunch and financial crisis that we have faced over the past two years? Whatever other problems there may have been, hedge funds and private equity have not been responsible for any systemic problems that that directive and others have tried to address.
November 30, 2009
Mr. Mark Field (Cities of London and Westminster) (Con): For some centuries past the City of London's greatest attraction has been its international reputation as a bastion of commercial certainty and reliability. English law is respected across the globe: countless contracts between parties from far away continents are often drawn up under its jurisdiction. In commercial affairs the City of London is rightly seen as a watchword for justice, neutrality and fairness. Too much, I fear, of what is proposed in this Financial Services Bill flies in the face of this fearless and hard-earned reputation. It threatens to do untold damage to the United Kingdom as a commercial and trading centre.
November 26, 2009
One of the most depressing aspects of the Government's record over the past 12 years has been their unwillingness, bordering at times on the foolhardy, to take long-term decisions. One thinks in particular of nuclear energy or our transport infrastructure. The flagrantly tactical rather than strategic nature of the Queen's Speech represents more of the same.
November 10, 2009
Mark made the following contribution to a Westminster Hall debate on Financial Services Regulation tabled by David Heathcoat-Amory MP:
Thank you, Mr. Olner. I am always aware that I am barely a householder in my own home, let alone anywhere else. It is a great pleasure to follow my right hon. Frien...
October 28, 2009
Mr. Mark Field (Cities of London and Westminster) (Con): No one can dispute that the past year has been tough for businesses large and small nationwide. Their future will remain uncertain, as the climate in which they operate continues to be unpredictable, and any signs of sustainable economic...
October 22, 2009
Mark made the following interventions in a debate on the Licensing Act:
Mark Field (Cities of London & Westminster, Conservative)
I apologise for intervening so early, but having sat on the Bill's Standing Committee, and as the legislation affects central London, where there are many ...
October 21, 2009
Mark made the following intervention in a debate on the Royal Mail:
Mark Field: I was disappointed by how little the Minister had to say about the protection of the everyday consumer. With that in mind, does he rule out this Government removing the last vestiges of the monopoly that ...
October 20, 2009
Mark made two interventions on the Second Reading of the Constitutional Reform and Governance Bill. The first was on the potential for temporary peers, the second on protests in Parliament Square.
Mark Field: The Justice Secretary has rightly pointed out the temporary nature of these arrangements, ...
October 15, 2009
Mark made the following interventions in a Westminster Hall debate on Russia. He is answered by Greg Hands MP who tabled the debate:
Mr. Mark Field (Cities of London and Westminster) (Con): I had hoped to make a speech, but unfortunately I have another engagement. Whichever of the two approaches is...