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.
About this proceeding contribution
Reference
566 c113Session
2013-14Chamber / Committee
House of Commons chamberSubjects
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Timestamp
2013-11-29 10:28:38 +0000
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