UK Parliament / Open data

Banking (Special Provisions) Bill

No, I shall not. Who else's concern should we fear, according to the Tories? Should we fear the concern of the bond credit rating companies—including Standard and Poor's, which gave triple-A ratings to sub-prime borrowing? The agency has been quoted with approbation by Tory Front Benchers this very day. Perhaps we should fear the concern of monoline insurers in the United States. Their normal business is, apparently, bordering on collapse because they have been insuring speculators who got their speculations wrong. I have been talking about all the people who were apparently very concerned and bothered about the state of the British financial services industry—entirely as a result of the Government's action. I should like to ask the hon. Member for Tatton (Mr. Osborne), who clearly does not like the truth, a question. When he and his mates were in Davos, were they sticking up for Britain on this issue, or were they talking Britain down? That is what they do most of the time on radio and television these days.

About this proceeding contribution

Reference

472 c209-10 

Session

2007-08

Chamber / Committee

House of Commons chamber
Back to top