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Parliament Politics Magazine

The Rt Hon John McDonnell MP

The Rt Hon John McDonnell is the Labour MP for Hayes and Harlington, and was first elected in May 1997. He is the Chair of the APPG on Investment Fraud and Fairer Financial Services.

UK Parliament

Reflections on the Westminster Hall Debate on Hidden Credit Liabilities and the Role of the Financial Conduct Authority

The ScandalThousands of business owners were systematically defrauded when banks lent money without explaining the toxic risks of derivative products attached to loans – products that were in many cases fraudulently concealed. After the Global Financial Crisis, banks used these means to

by The Rt Hon John McDonnell MP
April 20, 2026
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