I am not sure whether the hon. Gentleman is arguing that we should not have intervened as we did with the Royal Bank of Scotland or the Lloyds Banking Group—[Interruption.] He says that we should have intervened. Well, those actions have consequences: we have major shareholdings in RBS and Lloyds Banking Group so we have to determine the appropriate accounting treatment. There is obviously disagreement among Conservative Members who I think really want to make political mischief of these issues rather than understand the fact that they are accounted for in a number of different ways according to different accounting conventions.
Fiscal Responsibility Bill
Proceeding contribution from
Ian Pearson
(Labour)
in the House of Commons on Wednesday, 20 January 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Fiscal Responsibility Bill.
Type
Proceeding contribution
Reference
504 c347 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-11 10:03:20 +0000
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