John McDonnell

MP for Hayes and Harlington

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What they said

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“May I put on record again my concern that, as we may be facing a significant global crisis as a result of AI debt problems, now is not the time to undermine the protections we brought forward after 2008 and, in particular, the separation between retail and investment banking?”
Financial Services and Markets Bill [Lords]UK House of Commons, November 10, 2026. Speaking as: Other. Intervention after the Economic Secretary's closing speech, arguing against weakening bank ringfencing.

In the Base

Every entry they appear in.

  1. HearingUK House of CommonsSpeaks

    Financial Services and Markets Bill [Lords]

    In the Commons second reading of the Financial Services and Markets Bill, AI was a side topic. Conservative MP John Glen asked who is responsible when AI produces product offers sold to consumers, and Labour's John McDonnell cited a possible global crisis from AI debt as a reason to keep bank ringfencing.