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Hello, I'm Susan Hume and this is the Today in Parliament podcast for Tuesday the 22nd of July.

Coming up, the Chancellor tells peers that growth involves more risk-taking

and less protection for wildlife that stands in the way of development.

I sort of laid into bats and newts and lizards and whatever, I don't know about lizards,

great christed nukes.

Also calls for better redundancy terms for workers as the Lindsay Oil Refinery is set to close.

Please go beyond asking the company nicely to do the right thing and require it.

And how social media is damaging children's mental health and leading to school absence.

Social media to kids is not appropriate. You get bullied in your bedroom.

But first, the Chancellor Rachel Reeves has doubled down on her view that less business regulation and more risk-taking generally are needed to boost the UK economy.

Her comments came as the Governor of the Bank of England, Andrew Bailey, proposed a more cautious approach.

Both were appearing before parliamentary committees today.

In her Mansion House speech in the city last week, Rachel Reeves suggested watering down some of the financial services regulations that were brought in after the 2008 banking crisis.

When Andrew Bailey appeared before MPs on the Treasury Committee, the Labour chair Dame Meg Hillier,

wondered if he thought that was a good idea.

The chance has been very trenchant.

She talks about regulations being the boot on the neck of the financial services firms.

Do you agree with that?

I don't use those terms.

Let me say that.

So what language would you use if you want to respond to that?

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