Parliamentary search - City of London

Type

Parliamentary proceeding

Reference

497 c104-28WH

Session

2008-09

Department

Treasury

Chamber / Committee

Westminster Hall

Proceeding contributions

Mark Hoban | 497 c123-4WH (Link to this contribution) My hon. Friend makes a good suggestion. There was a disconnect between the directors and the boys in...

Sarah McCarthy-Fry | 497 c124-6WH (Link to this contribution) First, I want to congratulate my hon. Friend the Member for Selby (Mr. Grogan) on securing this deba...

Show all contributions (38)

Mark Field | 497 c127WH (Link to this contribution) I agree. I hope that Northern Rock goes down the mutual route, and that the mutuality of building so...

Sarah McCarthy-Fry | 497 c127-8WH (Link to this contribution) It is about getting the balance right and recognising that just because an organisation is managed m...

Mark Field | 497 c123WH (Link to this contribution) I have a suggestion; in many ways, it is a "back of the envelope" suggestion. It is that unless the ...

Mark Hoban | 497 c123WH (Link to this contribution) There needs to be proportionate regulation of the sector, which recognises the risks and responds to...

John Grogan | 497 c123WH (Link to this contribution) Just to be absolutely clear, the hon. Gentleman suggested that the Chancellor should have stopped th...

Mark Hoban | 497 c121-3WH (Link to this contribution) I congratulate the hon. Member for Selby (Mr. Grogan) on securing the debate, even though it had a c...

Mark Field | 497 c114-6WH (Link to this contribution) That is an extremely good point. Some of the livery companies have strong connections with other are...

John Pugh | 497 c116WH (Link to this contribution) The hon. Gentleman is putting forward the hypothesis that regulation invariably leads to capital fli...

Mark Field | 497 c116-8WH (Link to this contribution) I entirely agree. That is an important point. Power is shifting eastwards to India and China. They h...

John Pugh | 497 c118-21WH (Link to this contribution) I congratulate the hon. Member for Selby (Mr. Grogan) on securing the debate and keeping us on our t...

Mark Field | 497 c116WH (Link to this contribution) If things are taken to an absurd level, one would have to agree. Clearly, there needs to be some reg...

Lord Risby | 497 c116WH (Link to this contribution) This is an important point. Some of the countries that have perhaps been driving the ambition for fu...

John Grogan | 497 c104-5WH (Link to this contribution) Mr. Fraser, it is a great pleasure to serve under your chairmanship, although I fear that we are bot...

Mark Field | 497 c105WH (Link to this contribution) Without talking too much about ties, I have to admit that I, too, am a clip-on man. On social usefu...

John Grogan | 497 c105WH (Link to this contribution) The hon. Gentleman makes a fair point, but we should not let the City alone be interested in the Cit...

Bob Spink | 497 c106WH (Link to this contribution) I am a James Bond man: I actually tie my bow tie. I am delighted that the hon. Gentleman has said t...

Lord Risby | 497 c114WH (Link to this contribution) I know that my hon. Friend is aware of the fact, but because of the long-standing nature and history...

Lord Risby | 497 c112WH (Link to this contribution) I would point out to the hon. Gentleman that there is no evidence at all that the financial crisis t...

John Grogan | 497 c112-3WH (Link to this contribution) I shall briefly quote Will Hutton. This is from The Guardian rather than the Financial Times—there i...

Speaker | 497 c113WH (Link to this contribution) Before I call the next speaker, may I remind colleagues that I intend to start the wind-ups at 3.30 ...

Mark Field | 497 c113-4WH (Link to this contribution) I congratulate the hon. Member for Selby (Mr. Grogan) on introducing this important debate. I shall ...

John Grogan | 497 c111WH (Link to this contribution) My hon. Friend reads The Guardian too. I am glad—The Guardian needs all its readers these days. I wo...

Gordon Prentice | 497 c111WH (Link to this contribution) I read The Guardian.

John Grogan | 497 c112WH (Link to this contribution) When I am promoted after the next election, perhaps to the role of Economic Secretary to the Treasur...

Mark Field | 497 c112WH (Link to this contribution) I praise Crossrail to a certain extent, although there are no votes in it for me. Most of my residen...

John Grogan | 497 c111WH (Link to this contribution) I am a moderate compared with my hon. Friend.

John Grogan | 497 c110-1WH (Link to this contribution) I agree with the hon. Gentleman entirely. I have always been a great believer in competition. From t...

Gordon Prentice | 497 c111WH (Link to this contribution) Are not these multi-million pound bonuses and payoffs absolutely scandalous? The five directors of M...

John Grogan | 497 c110WH (Link to this contribution) I agree with the hon. Gentleman in so far as I think that such a tax would have to be done internati...

Lord Risby | 497 c110WH (Link to this contribution) I must apologise on three points: for disturbing the hon. Gentleman's thought patterns in the House ...

John Grogan | 497 c108-9WH (Link to this contribution) I accept that point absolutely. The problem will not go away. I was referring to whether we should d...

Mark Field | 497 c110WH (Link to this contribution) There are two points. Clearly, we already have a tax of stamp duty on general share transactions. Ma...

Mark Field | 497 c108WH (Link to this contribution) Although broadly I very much agree with that point and I think that in time the failure of Lehman Br...

John Grogan | 497 c107-8WH (Link to this contribution) Indeed, that is true. The tax benefit from the City is not all one way; we can summarise the positio...

John Pugh | 497 c107WH (Link to this contribution) It is probably worth observing also that in the City there are a number of very highly paid organisa...

John Grogan | 497 c106-7WH (Link to this contribution) The hon. Gentleman puts his case in a balanced way. Let us not think that it is only Lord Turner who...

Subjects

Banks

City of London

Financial services

Financial institutions

Financial markets

Economic situation

EU action

Pay

Regulation

Link

View this Parliamentary proceeding on www.publications.parliament.uk