Banking Reform

If the Government believed this issue was important, would the Chancellor have not made a stateme...

I had rather hoped for a serious response to a serious matter. When the Bill has its Committee st...

The commission will look carefully at the detail that the Government have published today, but in...

Of course. I pay tribute to my hon. Friend and the other members of the commission. It might not ...

I welcome the change of heart announced by the Chancellor today. It is in contrast to the dismiss...

I am grateful for the right hon. Gentleman’s question, to whom I extend my thanks for serving wit...

Is my right hon. Friend confident that the very welcome proposals he has announced will not be sw...

My right hon. Friend is right when he talks about our most important industry—certainly in terms ...

I am a member of the commission, and we will of course examine the detail included in the Bill. T...

I do take seriously those recommendations, but this is not a difference between just the Governme...

If break-up and segregation may be necessary for a bank in a future crisis, why do the Government...

My right hon. Friend makes a forceful point. The legislation is about the future. It is quite rig...

It is right that the taxpayer should never again be on the hook for the bad decisions taken by in...

I confess that I did not quite understand whether the hon. Gentleman’s point was that he objects ...

Does my right hon. Friend agree that consumers and businesses want the existing banking sector to...

My hon. Friend and I completely agree about the need for more competition in the banking sector. ...

Given that we have the highest high street lending rates in the European Union, along with the lo...

As I am sure that the hon. Gentleman would acknowledge, the Government have promoted the sale of ...

The British Bankers Association has said this morning that the electrification of the ring fence ...

My hon. Friend is absolutely right. Any bank can have complete certainty that it will not be subj...

Is not the truth that, by failing to take full reserve powers, the Chancellor has not so much ele...

We have addressed that point. Obviously, it is the behaviour of any particular bank that will cau...

About 650 people work for Lloyds TSB in Southend, with a similar number working for RBS. In addit...

My hon. Friend is absolutely right. One of the real tragedies, and one of the things that makes m...

My constituents want banks to serve industry and our community, not themselves. May I try the Min...

It is the hon. Lady’s objective that banks should serve businesses and their customers, and that ...

I welcome the points the Chancellor made this morning on facilitating account switching, which I ...

I will certainly pass on my hon. Friend’s comments to my right hon. Friend the Chancellor. What w...

But why are we pussyfooting with these banks? Why not just nationalise them and make them into a ...

As a result of the chaos of the previous Government, we almost ended up nationalising the banks. ...

The Financial Services Authority says that one reason why RBS failed was the political pressure p...

One of the principal innovations was to get rid of the shadow Chancellor who was then in a positi...

Let me take the Minister back to the question posed by my right hon. Friend the Member for Wolver...

I have explained on a number of occasions why we have not done so. One reason is that the regulat...

In addition to the electrification of the ring fence, has the Minister considered adding a bit of...

We agree with my hon. Friend, and that will form part of the Bill.

The Minister is absolutely right to say that the reputation of our banks has never been lower. We...

The hon. Gentleman raises a very important point. I met the Federation of Small Businesses and th...

The retail ring fence is a good idea, but the real game-changer for banking will be the introduct...

I thank my hon. Friend for the effort that she has devoted to promoting this agenda. It seems to ...

If the public are to have confidence in the new system, they need to know that lawyers or bankers...

The hon. Gentleman is right: we need to protect the ring fence from the ingenuity of the lawyers ...

Can the Minister confirm that, under this Government, the taxpayer will never again be required t...

I agree with both parts of my hon. Friend’s question.

The Minister says that he wants to establish new bodies to set bonuses and pay in banks. Can he g...

I think it important for the responsibility exercised by remuneration committees in particular to...

I welcome the Minister’s statement, which confirmed the Government’s policy on ring-fencing the b...

My hon. Friend is right, but I think we have already had the intelligent debate. The Government a...

Following the bank mergers, many regional banks and building societies have gone, and we have los...

The hon. Lady makes an excellent point. I should like very much to see banks in our great regiona...

I welcome the proposal, as well as the fact that we are taking on the bully banks on interest rat...

My hon. Friend is right about that, and it may interest the hon. Member for Kingston upon Hull No...