Has my hon. Friend made any estimate of the chronic deficiency in money coming into the Treasury coffers that will result from these banks and other financial institutions now either breaking even or making a loss, and the number of people who will lose their jobs throughout the country, including in cities where major insurance companies are located? There will be a huge loss of Treasury revenue. Has he estimated how big that loss will be?
Banking Bill
Proceeding contribution from
Lord Bellingham
(Conservative)
in the House of Commons on Tuesday, 14 October 2008.
It occurred during Debate on bills on Banking Bill.
Type
Proceeding contribution
Reference
480 c704 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-16 01:49:57 +0000
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