Bank of England and Financial Services Act 2016

A vote to support means

• —Supporting this Act means backing stronger oversight of banks and financial services to protect people's money and prevent another financial crisis like 2008. It gives the Bank of England more power to spot and stop risky behaviour by banks before it causes problems for ordinary people's savings and jobs.

A vote to oppose means

• —Critics worry that giving the Bank of England too much power could slow down business and make it harder for banks to lend money for mortgages and loans. Some argue that strict rules might push financial activities to other countries with looser regulations, costing the UK jobs and tax money.