I made it clear yesterday that we support the decision and the Bill, and I fully understand the Government's need to move quickly; the bank is paralysed, so we must help to pass the Bill this week. That said, the Government seem to have an extraordinary search engine for finding banana skins to slip on. It was announced this afternoon on the BBC, which I presume is right, that Mr. Ron Sandler, who has been appointed as the chief custodian of taxpayers' money, is a non-dom. It seems that all the Government's favourite businessmen, including Sir Richard Branson and now Ron Sandler, have so little commitment to the country, let alone the Government, that they prefer to pay their taxes elsewhere. I presume that Ron Sandler will now become the second best-paid person in Newcastle after Michael Owen, but at least Michael Owen pays his taxes here. [Interruption.] Yes, we think so.
Clearly, there is scope for improving the Bill. As the Conservative spokesman, the hon. Member for Tatton (Mr. Osborne), rightly said, important challenges need to be made, particularly on parliamentary accountability, and we shall support his and other amendments designed to strengthen the Bill in that respect.
Banking (Special Provisions) Bill
Proceeding contribution from
Vincent Cable
(Liberal Democrat)
in the House of Commons on Tuesday, 19 February 2008.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
About this proceeding contribution
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2007-08Chamber / Committee
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