RBS, against the wishes of some of us, had been allowed to grow to a colossal size and to gear excessively. At the point when it got into trouble, it had a balance sheet of £2.2 trillion —almost four times the tax revenue of the state—and if it lost 2% of its asset value it lost the equivalent of the defence budget for a whole year. Is not that of interest to those conducting government?
Financial Services (Banking Reform) Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Monday, 8 July 2013.
It occurred during Debate on bills on Financial Services (Banking Reform) Bill.
Type
Proceeding contribution
Reference
566 c113
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2013-11-29 10:28:38 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2013-07-08/13070836000044
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2013-07-08/13070836000044
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2013-07-08/13070836000044