Chris Elmore is the Labour MP for Ogmore, having been elected at the 2015 General Election. Chris decided to undertake an IPT fellowship to gain a general understanding of banking and finance sectors, more specifically exploring money management, banking fraud and ethical banking.
We asked Chris to tell us in his own words why he signed up to the IPT Fellowship Programme and what impact it has had.
Why did you sign up for the IPT Fellowship Programme and how did you first hear about it?
I came to the IPT already aware of its strong reputation among various of my parliamentary colleagues. It’s non-partisan character was attractive to me, and I was very keen to take advantage of the impartial expertise and industry-led events that the IPT has to offer parliamentarians. As MPs, whose job it is to devise and scrutinise legislation which affects business and commerce, I believe it is obviously incumbent on each parliamentarian to acquire understanding of, and remain continuously informed about, the world of business and I thought of the IPT fellowship as a way of meeting this obligation.
What were your highlights during the IPT Fellowship Programme?
The IPT fellowship proved to be a highly informative and educational experience; I learned a great deal and would certainly recommend the experience to other MPs looking to deepen their understanding of the relationship between law, parliament and industry and commerce. Throughout the years the IPT has put on several extremely helpful events. Among my personal highlights were perhaps the discussions I took part in June on 5G rollout and the Broadband industry in the UK; discussions about protecting savers and Pension Superfunds; and the extremely useful briefing that I took part in with representatives Barclays in July 2021 about banking fraud.
How has the IPT Fellowship Programme helped you in your role as a parliamentarian?
As I say, I believe that parliamentarians have a duty to maintain a good understanding of business and commerce and how their work in parliament is likely to affect these vital areas of the economy. I have long been committed to supporting small and medium-sized businesses in my own constituency, for instance championing local enterprise as part of ‘Small Business Saturday’ along with the local Labour MS in Ogmore. The recent crisis caused by the pandemic over the last year and a half has only made it more urgent that MPs remain informed and attentive to the various ways in which we can help to support industry at a time when public health restrictions place new and challenging obstacles in the way of business. The IPT Fellowship has certainly helped me to better discharge this important duty and better help my constituents in the process.