The details of the financial Services Bill were made public recently and it sets out a raft of changes for the financial sector. Changes include new ‘class action’ powers and increased regulation of the banks, but some think there should have been more to help people avoid house repossession proceedings.
Labour MP, Rob Marris has said he’s going to campaign for changes to the proposed Bill after it failed to incorporate protection for tenants who live in houses that are being repossessed from the landlord. Currently, tennants can be given just a few days notice that they are going to lose their home. Marris is planning to meet with ministers from the Treasury and Local Government and has made it clear that if Government don’t do anything, he would table an amendment.
