Perhaps the Chancellor should remind the House that the shadow Chancellor at the time also voted against Bank of England independence. In November 2006, the then shadow Financial Secretary, who is now Financial Secretary, said:"““Effective light-touch, risk-based and principles-based regulation is in the interests of the sector globally.””—[Official Report, 28 November 2006; Vol. 453, c. 995.]"
Could that quote have been included in the FSA report?
Financial Services Bill
Proceeding contribution from
Ed Balls
(Labour)
in the House of Commons on Monday, 6 February 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
540 c45
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-15 15:25:04 +0000
URI
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