UK Parliament / Open data

The Economy

Debate on Tuesday, 31 March 2009, in the House of Commons, led by Lord Darling of Roulanish. The answering member was George Osborne.
Debate on a motion that this House has considered the matter of the economy.
Type
Parliamentary proceeding
Reference
490 c793-892 
Session
2008-09
Department
Treasury
Chamber / Committee
House of Commons chamber
Proceeding contributions
Speaker | 490 c811 (Link to this contribution) Order. May I remind all right hon. and hon. Members that Mr. Speaker has imposed a 10-minute limit o...
Vincent Cable | 490 c814-7 (Link to this contribution) I welcome the debate. I know that the Chancellor has to leave for another meeting, but his participa...

Show all contributions (199)
Lord Reid of Cardowan | 490 c813-4 (Link to this contribution) I have two minutes and 30 seconds left, and I hope the hon. Gentleman will accept that I must make s...
William Cash | 490 c813 (Link to this contribution) Will the right hon. Gentleman give way?
Lord Reid of Cardowan | 490 c813 (Link to this contribution) Let me avoid Europe for now, as I shall address it later. I say to the Chancellor that I hope he an...
Vincent Cable | 490 c817-8 (Link to this contribution) If non-socialists want reassurance, they should probably consider some of the models from when that ...
Kelvin Hopkins | 490 c817 (Link to this contribution) I am following what the hon. Gentleman is saying with great interest, and I agree with much of it. A...
Vincent Cable | 490 c817 (Link to this contribution) There would be that danger, and that would obviously be a problem for the UK, because we have severa...
Ruth Kelly | 490 c817 (Link to this contribution) Does the hon. Gentleman accept that if every country followed the French model that he proposes, the...
William Cash | 490 c813 (Link to this contribution) Will the right hon. Gentleman give way?
Mark Todd | 490 c819 (Link to this contribution) The hon. Gentleman may have noted my oblique reference in my intervention on the Chancellor to the f...
William Cash | 490 c820 (Link to this contribution) Following the line the hon. Gentleman is taking on the importance of national supervision, does he r...
Vincent Cable | 490 c819-20 (Link to this contribution) There is no doubt that the bad debts have to be separated out, and in some cases it might be sensibl...
Lord Reid of Cardowan | 490 c821 (Link to this contribution) The hon. Gentleman is making a most interesting speech, but does he accept the point I tried to make...
Vincent Cable | 490 c820 (Link to this contribution) I do not rule out the proposals in Mr. de la Rosière's report, which, as I understand them, involve ...
John Redwood | 490 c821 (Link to this contribution) It is clear in the RBS accounts which is the casino bank and which is the utility bank. The question...
Vincent Cable | 490 c821 (Link to this contribution) The implication of the right hon. Gentleman's argument is that some sort of clearing house is needed...
Ruth Kelly | 490 c821-2 (Link to this contribution) It is always a pleasure to follow the hon. Member for Twickenham (Dr. Cable). I always enjoy his arg...
Vincent Cable | 490 c821 (Link to this contribution) At this stage, we are arguing about how we progress from that to a reformed system. In a world of se...
Andrew Love | 490 c819 (Link to this contribution) Before the hon. Gentleman moves on from the asset protection scheme, what alternative to it does he ...
Vincent Cable | 490 c819 (Link to this contribution) I am not familiar with all the details, but I believe that there are three specialist institutions i...
George Osborne | 490 c809 (Link to this contribution) My hon. Friend is right. Not only Conservative Members have complained—if the Chancellor had attende...
John Baron | 490 c809 (Link to this contribution) Does my hon. Friend also accept that, although the Government may scoff at individual examples that ...
George Osborne | 490 c809 (Link to this contribution) I suspect that almost every hon. Member could tell a similar story. The Chancellor sits there and wi...
George Osborne | 490 c810 (Link to this contribution) Of course I am sympathetic to those who are desperate to keep their jobs and to people who have lost...
George Osborne | 490 c810 (Link to this contribution) I must give way to the hon. Member for Chorley (Mr. Hoyle), since I visited his constituency on Frid...
George Osborne | 490 c810-1 (Link to this contribution) The person whom I agree with is the Economic Secretary to the Treasury, who says of the loan guarant...
Richard Burden | 490 c810 (Link to this contribution) When the hon. Gentleman answers my question, perhaps he could start by also answering the question t...
Lord Reid of Cardowan | 490 c811-3 (Link to this contribution) We are facing problems the likes of which none of us here has ever seen during our time in the House...
George Osborne | 490 c810 (Link to this contribution) There we have it: another Labour MP who does not agree with the principal component of the pre-Budge...
Lindsay Hoyle | 490 c810 (Link to this contribution) Let me give the hon. Gentleman the answer that he seeks: the scheme would cost £1.8 billion, which w...
George Osborne | 490 c810 (Link to this contribution) I promised to give way to the hon. Gentleman, but this will be the last time that I give way before ...
John Redwood | 490 c813 (Link to this contribution) Will the right hon. Gentleman tell us why, despite the slump, inflation is still 60 per cent. above ...
Lord Reid of Cardowan | 490 c813 (Link to this contribution) It is a matter of measure, is it not? Yes, I would worry if we printed too much money, but we have t...
Lord Darling of Roulanish | 490 c799 (Link to this contribution) I very much hope that it will. My hon. Friend knows that when we lent money to Northern Rock, there ...
Lord Darling of Roulanish | 490 c799 (Link to this contribution) I shall certainly look into the possibility of doing that. Anything we can do now to help businesses...
David Heath | 490 c799 (Link to this contribution) Many businesses will welcome the business rates measure the Chancellor has just announced, but could...
Peter Bone | 490 c799 (Link to this contribution) Will the right hon. Gentleman give way on that point?
Lord Darling of Roulanish | 490 c799 (Link to this contribution) I want to make more progress before giving way again. It is important to remember that the fiscal a...
Lord Darling of Roulanish | 490 c798 (Link to this contribution) Not at the moment. Even those banks in which we do not have shareholdings, such as Barclays, HSBC an...
Stephen Ladyman | 490 c798 (Link to this contribution) Will my right hon. Friend give way?
Lord Darling of Roulanish | 490 c798 (Link to this contribution) I will in a moment. That is important, because it is vital that we help businesses. For example, 10...
Mark Todd | 490 c798 (Link to this contribution) Has my right hon. Friend received representations from the aerospace sector on loan support to suppo...
Lord Darling of Roulanish | 490 c798 (Link to this contribution) Yes, I have, and I believe that my hon. Friend has raised the matter with the Economic Secretary in ...
Stephen Ladyman | 490 c798 (Link to this contribution) As my right hon. Friend says, we have taken shareholdings in banks. Has he estimated how much profit...
Lord Darling of Roulanish | 490 c798 (Link to this contribution) Not yet, but I hope to be able to do so at some stage.
Peter Bone | 490 c798 (Link to this contribution) Will the Chancellor give way on that point?
Lord Darling of Roulanish | 490 c798 (Link to this contribution) No, I want to deal with the point about business rates because I am conscious of the fact that busin...
Speaker | 490 c797 (Link to this contribution) Order. Is the hon. Gentleman referring to a Member of the other place? [Interruption.] I want a clea...
Lord Darling of Roulanish | 490 c797 (Link to this contribution) No, I do not. As I said earlier, Sir Tom McKillop's letter has just been released. We need to consid...
Lord Darling of Roulanish | 490 c797 (Link to this contribution) We have commitments from the banks in which we have shareholdings. RBS will increase its bank lendin...
William Cash | 490 c794 (Link to this contribution) I am sorry to disappoint the Chancellor—[Hon. Members: "Oh!"] I am disappointing the House too by th...
Lord Darling of Roulanish | 490 c794-5 (Link to this contribution) No, I do not. As I have said throughout this time, it is necessary for Governments to support their ...
Philip Dunne | 490 c795 (Link to this contribution) The Chancellor says that he wants to help businesses. Why, therefore, did businesses up and down the...
Lord Darling of Roulanish | 490 c795-6 (Link to this contribution) I shall come on to that in a moment. The hon. Gentleman supports his party in believing that we shou...
George Osborne | 490 c796 (Link to this contribution) The Chancellor is talking about the decisions that were taken in the autumn. This afternoon, a lette...
Lord Darling of Roulanish | 490 c796 (Link to this contribution) I know that the letter sent by Sir Tom McKillop has been published. We are considering it and will r...
Lord Darling of Roulanish | 490 c796-7 (Link to this contribution) I shall make some progress, and then I will certainly give way. We must continue to make progress w...
Lord Tyrie | 490 c797 (Link to this contribution) Lord Myners has asserted that the RBS board exercised discretion to enhance Sir Fred's pension. Sir ...
Philip Dunne | 490 c808-9 (Link to this contribution) Is my hon. Friend surprised to learn, as I was, that the directors of Technorton, a small business i...
George Osborne | 490 c807-8 (Link to this contribution) If we had a true account of British Government debt that included the PFI and Network Rail liabiliti...
Chris Huhne | 490 c807 (Link to this contribution) I am grateful to the shadow Chancellor for giving way. Given what he said about the German position,...
George Osborne | 490 c807 (Link to this contribution) It is very odd; I usually take interventions from the hon. Gentleman, who is sort of bidding for the...
Chris Huhne | 490 c807 (Link to this contribution) Will the hon. Gentleman give way?
George Osborne | 490 c806-7 (Link to this contribution) Let me just say this to the right hon. Gentleman: the question is—[Hon. Members: "Answer!"] I will a...
Lord Reid of Cardowan | 490 c806 (Link to this contribution) The shadow Chancellor has given a long answer to a question that was not asked. Will he confirm that...
George Osborne | 490 c806 (Link to this contribution) The right hon. Gentleman can explain himself.
George Osborne | 490 c806 (Link to this contribution) The German Government went into this downturn with a surplus and the scandal is that the Government ...
Lord Reid of Cardowan | 490 c806 (Link to this contribution) In view of the shadow Chancellor's comments, will he confirm that the German stimulus is not less th...
George Osborne | 490 c806 (Link to this contribution) The truth is that given all that has happened in the last 18 months, Labour Members are going to fig...
George Osborne | 490 c805 (Link to this contribution) I think that the hon. Gentleman will remember that during that election campaign we repeatedly raise...
Speaker | 490 c806 (Link to this contribution) Order. Mr. Browne, you are normally quiet, so get back to normal.
George Osborne | 490 c805 (Link to this contribution) That is rich coming from the Liberal Democrats, who are proposing to spend even more than the Govern...
George Osborne | 490 c805 (Link to this contribution) I can point the hon. Gentleman not only to numerous references by me and my colleagues to the growin...
James Plaskitt | 490 c805 (Link to this contribution) I will tell the hon. Gentleman what I am clutching—the Conservative election manifesto from 2005. As...
George Osborne | 490 c805 (Link to this contribution) The hon. Gentleman is clutching the Whips' handout, so let us hear what is on it.
Stephen Ladyman | 490 c805 (Link to this contribution) The Conservatives have been saying that for 12 years now. Before the hon. Gentleman leaves the subj...
George Osborne | 490 c805 (Link to this contribution) Let me take another question, particularly as we are going to take the hon. Gentleman's seat at the ...
George Osborne | 490 c803-4 (Link to this contribution) The Chancellor shakes his head, but the last time we exchanged remarks about IMF reform across the D...
George Osborne | 490 c802-3 (Link to this contribution) I begin by welcoming the Chancellor to one of the debates that we have been having in the House of C...
George Osborne | 490 c805 (Link to this contribution) The last time I looked at public opinion, we were the people who were trusted on the economy, not La...
Clive Efford | 490 c804-5 (Link to this contribution) Can the hon. Gentleman reflect on this for a moment? We are about to have a meeting of G20 leaders i...
John Redwood | 490 c804 (Link to this contribution) My hon. Friend is making his usual, very powerful, case. Does he agree that the Chancellor should be...
Lord Darling of Roulanish | 490 c801 (Link to this contribution) No, because they are the right thing to do. At every stage, when we take action, we do it because we...
Chris Huhne | 490 c801 (Link to this contribution) Given the Chancellor of the Exchequer's remarks, with which I entirely agree, about Conservative pol...
Lord Darling of Roulanish | 490 c801-2 (Link to this contribution) I do not agree with the hon. Gentleman, as he will appreciate. In the past 10 years we have increase...
Gerald Howarth | 490 c801 (Link to this contribution) The Chancellor of the Exchequer has got a nerve. He is posing as the saviour of the millions of pens...
Lord Maples | 490 c800 (Link to this contribution) Does not the Chancellor think that all the things he is doing, and wants to do, would be much easier...
Lord Darling of Roulanish | 490 c800 (Link to this contribution) I will give way shortly, by all means. That is the difference between our choice, and the choice th...
Ann Cryer | 490 c800 (Link to this contribution) I appreciate my right hon. Friend's giving way. Will he briefly comment on the disparity in the cont...
Lord Darling of Roulanish | 490 c800 (Link to this contribution) The hon. Gentleman has to remember that, over the past 10 years, our economy has had the longest per...
Lord Darling of Roulanish | 490 c801 (Link to this contribution) I will give way in a moment, but first I thought I might give the Opposition some further food for t...
Lord Darling of Roulanish | 490 c800 (Link to this contribution) As I said yesterday, we want to do everything we possibly can to make sure that we support stability...
John Redwood | 490 c793 (Link to this contribution) Can the Chancellor tell us what is a prudent limit for borrowing in this country at present, bearing...
Lord Darling of Roulanish | 490 c793 (Link to this contribution) I beg to move,"That this House has considered the matter of the economy." In the week when the G20 ...
Lord Darling of Roulanish | 490 c793 (Link to this contribution) It is right that countries borrow if it is for the purpose of supporting the economy at a time such ...
Lord Clarke of Nottingham | 490 c794 (Link to this contribution) I am glad that the Chancellor watched me. He probably saw that I agreed with the Governor of the Ban...
Lord Darling of Roulanish | 490 c794 (Link to this contribution) I will in a moment. The right hon. and learned Gentleman's appearance on "Newsnight" rang alarm bell...
Lord Darling of Roulanish | 490 c794 (Link to this contribution) I certainly agree that it is necessary for us to be cautious. I agree in particular with what the Go...
Lord Darling of Roulanish | 490 c794 (Link to this contribution) I shall give way to the hon. Gentleman, but I just want to tell the House that normally I give way t...
Stephen Timms | 490 c891-2 (Link to this contribution) I can certainly assure my right hon. Friend that the need for transparency has been well understood ...
Lord Reid of Cardowan | 490 c891 (Link to this contribution) At the risk of being tedious, I hope that my right hon. Friend will add to the objectives strengthen...
Stephen Timms | 490 c890-1 (Link to this contribution) I am not going to give way at the moment. Just 18 months ago, the Tory economic competitiveness pol...
William Cash | 490 c890 (Link to this contribution) Will the Financial Secretary give way?
Stephen Timms | 490 c889-90 (Link to this contribution) I am delighted that the hon. Gentleman gives me the opportunity to trade quotes across the Dispatch ...
Speaker | 490 c889 (Link to this contribution) Order. It is not for me to oppose policies, and the hon. Gentleman should not refer to me.
Lord Tyrie | 490 c889 (Link to this contribution) If that was the Conservative policy, it certainly had the full support of the then Chancellor of the...
Stephen Timms | 490 c889 (Link to this contribution) I would be delighted to give way to the hon. Gentleman, who led the charge at the time.
Roberta Blackman-Woods | 490 c880-2 (Link to this contribution) It is always interesting to follow the hon. Member for Bournemouth, East (Mr. Ellwood). Although I d...
Tobias Ellwood | 490 c880 (Link to this contribution) The hon. Gentleman makes a valid point. The pub industry itself must come to terms with that. I am f...
Lindsay Hoyle | 490 c879-80 (Link to this contribution) The hon. Gentleman has made some valid points. On the pub industry, does he not also recognise that ...
Tobias Ellwood | 490 c878-9 (Link to this contribution) Perhaps I should have declared an interest. Ironically, British tourism is doing well because people...
Speaker | 490 c875 (Link to this contribution) Before I call the next hon. Member to speak, let me point out that time is rapidly running out, so i...
Baroness Clark of Kilwinning | 490 c875-7 (Link to this contribution) It is a pleasure to take part in this debate and to follow the hon. Member for Stone (Mr. Cash). I a...
Tobias Ellwood | 490 c878 (Link to this contribution) The hon. Gentleman makes a valid point, but I have a suspicion that not a lot will come out of the G...
David Leslie Taylor | 490 c878 (Link to this contribution) The hon. Gentleman's comment was not unlike that of the late James Callaghan when he asked rhetorica...
Tobias Ellwood | 490 c877-8 (Link to this contribution) "Boom and bust" is one soundbite that we have not heard too recently—I understand that the Prime Min...
Jeremy Browne | 490 c878 (Link to this contribution) I am extremely supportive of the tourism industry, but I caution the hon. Gentleman not to be too di...
Stephen Timms | 490 c889 (Link to this contribution) It will be in place next month. We listened with interest—as always, of course—to what the hon. Mem...
Michael Fallon | 490 c889 (Link to this contribution) A few hours ago the Chancellor was asked what had happened to the working capital scheme and why it ...
William Cash | 490 c884 (Link to this contribution) Will the hon. Gentleman give way?
Robert Flello | 490 c884 (Link to this contribution) I am afraid I do not have time; I am sorry. The impact on pubs has been mentioned. We need to take...
Lord Hammond of Runnymede | 490 c884-5 (Link to this contribution) Oh, dear, Mr. Deputy Speaker; I was going to say that I was glad that the hon. Member for Stoke-on-T...
Frank Dobson | 490 c885 (Link to this contribution) I never said that at all. I blamed the banks.
Lord Hammond of Runnymede | 490 c885-8 (Link to this contribution) I think the right hon. Gentleman will find that the record will show that he gave responsibility in ...
Stephen Timms | 490 c888-9 (Link to this contribution) I apologise to you, Mr. Speaker, and to the House, as I was detained outside the House at the start ...
James Plaskitt | 490 c860-3 (Link to this contribution) I want to return to the daunting agenda in front of the G20 and in particular—this will come as no s...
Lord Risby | 490 c858-60 (Link to this contribution) In his Mansion house speech in June 2007, the Prime Minister actually congratulated the City on its ...
Sally Keeble | 490 c856-8 (Link to this contribution) I listened with great interest to the hon. Member for Dundee, East (Stewart Hosie), who made several...
William Cash | 490 c872-3 (Link to this contribution) I listened to the debate with great interest, but there have been moments when I felt that we were l...
Alan Simpson | 490 c870-2 (Link to this contribution) I was intrigued by the ideas outlined by the right hon. Member for North-West Hampshire (Sir George ...
Lord Young of Cookham | 490 c867-70 (Link to this contribution) It is a pleasure to follow the hon. Member for South Derbyshire (Mr. Todd); I am delighted that his ...
Mark Todd | 490 c865-7 (Link to this contribution) I hope that the House will bear with my slightly croaky voice, which would certainly stop me singing...
William Cash | 490 c873-4 (Link to this contribution) That kind of language is extremely dangerous. I have even received BNP literature in Pimlico in the ...
Robert Flello | 490 c873 (Link to this contribution) I am grateful to the hon. Gentleman for raising the issue of the far right in Stoke-in-Trent. Is he ...
Sally Keeble | 490 c849 (Link to this contribution) Does the hon. Gentleman accept that the Governor has always taken a very precise attitude towards hi...
Lord Tyrie | 490 c849-50 (Link to this contribution) If the argument for the fiscal stimulus is not economic, but social, let the Government make that ca...
Michael Meacher | 490 c851-2 (Link to this contribution) I accept that quantitative easing has not had a chance to be developed; it was put into operation on...
Sally Keeble | 490 c851 (Link to this contribution) Does my right hon. Friend accept that the intention of quantitative easing was to bring down long-te...
Michael Meacher | 490 c852-3 (Link to this contribution) I could not agree more. All the enormous financial inducements given to the banks have not succeeded...
Andrew Pelling | 490 c852 (Link to this contribution) Does the right hon. Gentleman agree that the problem is that we have zombie banks that are unable to...
Kelvin Hopkins | 490 c856 (Link to this contribution) Will the hon. Gentleman give way?
Stewart Hosie | 490 c853-6 (Link to this contribution) It is a pleasure to follow the right hon. Member for Oldham, West and Royton (Mr. Meacher). Of all t...
Stewart Hosie | 490 c856 (Link to this contribution) No. I have nearly finished and it would not be fair. The position may be made worse if the quantita...
Stewart Hosie | 490 c830 (Link to this contribution) Will the right hon. Gentleman give way?
Frank Dobson | 490 c830-1 (Link to this contribution) No, I have not got time. Frankly, the Tories hope that the G20 will fail—it would be to their polit...
Kelvin Hopkins | 490 c829 (Link to this contribution) Nick Leeson was sent to prison for his banking practices. Would it not concentrate a few minds if so...
Frank Dobson | 490 c829 (Link to this contribution) Yes, indeed. We were told that if these people did not get huge pay and bonuses, they might go else...
Lord Maples | 490 c831-2 (Link to this contribution) The right hon. Member for Holborn and St. Pancras (Frank Dobson) had a good go at bankers, who are a...
John Redwood | 490 c832 (Link to this contribution) Was it not really very easy? All that one regulator had to do was read the balance sheets of the top...
Lord Lilley | 490 c828 (Link to this contribution) Well, let us not add to that problem by some un-automatic excessive borrowing. The other half of th...
Frank Dobson | 490 c829 (Link to this contribution) Some people will feel that I am looking to the past, but we have to accept that the British economy,...
Lord Lilley | 490 c827-8 (Link to this contribution) The right hon. Gentleman puts it extremely eloquently. He demonstrates why he should have been Chanc...
Ruth Kelly | 490 c828 (Link to this contribution) Does the right hon. Gentleman accept that by far the main cause of those high deficits is the operat...
John Redwood | 490 c824 (Link to this contribution) How does making very weak banks lend more strengthen them?
Ruth Kelly | 490 c824-5 (Link to this contribution) The right hon. Gentleman's Front-Bench colleagues are arguing that the only thing we need to do in t...
Lord Lilley | 490 c825-7 (Link to this contribution) It is always a privilege to follow the right hon. Member for Bolton, West (Ruth Kelly) since she ret...
John Redwood | 490 c827 (Link to this contribution) Does my right hon. Friend remember that the Government introduced a lot of mortgage regulation relat...
Lord Lilley | 490 c827 (Link to this contribution) My right hon. Friend is absolutely right. The bulk of regulation was focused on consumer protection ...
Kelvin Hopkins | 490 c822 (Link to this contribution) Is it not a fact that the depression in the 1930s arose, at least primarily, from the deflationist p...
Ruth Kelly | 490 c822-3 (Link to this contribution) My hon. Friend is right in parts. Of course, the overwhelming problem was deflation, but how the wor...
George Osborne | 490 c823 (Link to this contribution) I am sure that the right hon. Lady has read the report from Lord Turner, the first chapter of which ...
Lindsay Hoyle | 490 c846-8 (Link to this contribution) I totally agree with that, and I shall touch on the point that my hon. Friend makes about Wales. Su...
Lord Tyrie | 490 c848-9 (Link to this contribution) It would be ridiculous to say that the Government are responsible for all Britain's economic problem...
Lindsay Hoyle | 490 c846 (Link to this contribution) Manufacturing does matter and we have to protect those workers. My hon. Friend is right, because if ...
David Drew | 490 c846 (Link to this contribution) The problem with short-time working is that it will have long-term consequences if we do not introdu...
Lindsay Hoyle | 490 c845-6 (Link to this contribution) It is not often that I disagree, and the hon. Gentleman makes his point, but I say to him that some ...
Robert Flello | 490 c846 (Link to this contribution) I am enjoying my hon. Friend's contribution. On Saturday, I met union representatives from Michelin,...
Lindsay Hoyle | 490 c844-5 (Link to this contribution) I am pleased to have the opportunity to speak in today's debate, which is one of the most important ...
Lord Brady of Altrincham | 490 c845 (Link to this contribution) The hon. Gentleman suggests ending the VAT reduction nine months early. Surely one of the big proble...
Robert Smith | 490 c842-4 (Link to this contribution) I pay tribute to the right hon. Member for Stirling (Mrs. McGuire) for highlighting the importance o...
Speaker | 490 c844 (Link to this contribution) Order. I call Mr. Lindsay Hoyle.
Anne McGuire | 490 c839-41 (Link to this contribution) Like my hon. Friend the Member for Birmingham, Northfield (Richard Burden), I want to drill down a w...
James Plaskitt | 490 c838 (Link to this contribution) Does the hon. Gentleman not recall what his party's then Front-Bench spokesperson said in the debate...
Michael Fallon | 490 c838 (Link to this contribution) My right hon. Friend the Member for Hitchin and Harpenden (Mr. Lilley) has already reminded us exact...
Michael Fallon | 490 c838-9 (Link to this contribution) If my hon. Friend will forgive me, I will not give way because of time. We have to rebalance our ec...
Richard Burden | 490 c834-5 (Link to this contribution) Time is short and I hope that the House will forgive me if I am a little parochial. I want to say a ...
Baroness Burt of Solihull | 490 c836 (Link to this contribution) The hon. Gentleman knows that Land Rover is in my constituency and, like him, I am worried about the...
Richard Burden | 490 c836-7 (Link to this contribution) I know that the hon. Lady has a great constituency interest in Jaguar Land Rover as a firm that is s...
Michael Fallon | 490 c837-8 (Link to this contribution) I remind the House of the interests recorded in the register. I want to say something about the ori...
Lord Maples | 490 c832-4 (Link to this contribution) Yes, although other things were going on, too. Monetary policy was too loose during that period, and...
Lord Brady of Altrincham | 490 c863-5 (Link to this contribution) It is a pleasure to follow the hon. Member for Warwick and Leamington (Mr. Plaskitt). It was also a ...
Ruth Kelly | 490 c823-4 (Link to this contribution) I do accept that, but I want to go on to quote the Governor of the Bank of England, whom the right h...
Lindsay Hoyle | 490 c810 (Link to this contribution) Which the hon. Gentleman failed to tell me. Not to worry, it is the second time, so it is not a prob...
Doug Henderson | 490 c799 (Link to this contribution) Before my right hon. Friend moves from banking, may I tempt him with, I hope, a slightly easier ques...
Lord Darling of Roulanish | 490 c799-800 (Link to this contribution) No—I am making progress. In addition, we have given the Bank of England power to put more money int...
George Osborne | 490 c804 (Link to this contribution) My right hon. Friend is completely right. One of the most ridiculous positions that the Government h...
Michael Meacher | 490 c850-1 (Link to this contribution) I have listened to the speeches made from both Front Benches, and the yawning black hole in this deb...
Oliver Heald | 490 c797 (Link to this contribution) On a point of order, Mr. Speaker. I do not know whether you are able to guide the House, but when a ...
Robert Flello | 490 c882-4 (Link to this contribution) I am grateful to my hon. Friend the Member for City of Durham (Dr. Blackman-Woods); it is a pleasure...
Lord Reid of Cardowan | 490 c827 (Link to this contribution) The right hon. Gentleman has succinctly described the causes of this situation, and I do not want hi...
Subjects
Debts
Banks
Capital investment
Credit
Bank of England
Government assistance
Financial Services Authority
Economic situation
International Monetary Fund
Loans
Regulation
Tax avoidance
Taxation
Economic recession
G20
World economy
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