Point of Order

Tuesday 25th February 2014 Commons Chamber

[Mr David Winnick (Walsall North) (Lab)]

On a point of order, Mr Speaker. I wonder whether you can advise me on how we can secure a statement from the Chancellor of the Exchequer, or another Treasury Minister, about the substantial extra sums that are being given to the leading bank executives, the most senior people: the chief executives and their colleagues. For example, the chief executive of HSBC is to receive an extra £32,000 a week on top of his salary of more than £1 million a year.

May I point out, Sir, that the annual salary in my borough is about £22,000? The sheer greed of the bankers involved is quite disgraceful. A Treasury Minister is in the Chamber now; I wonder whether he will respond.

[The Exchequer Secretary to the Treasury (Mr David Gauke)]

indicated dissent.

[Mr Winnick]

The Minister shakes his head. I can well understand his embarrassment, because we are constantly told that we are all in it together. Why can we not have a statement about what is happening in the banking industry? If the Minister is not willing to respond to my point of order, may I suggest that we should have some opportunity to raise the issue in the Chamber?

[Mr Speaker]

I am grateful to the hon. Gentleman for his point of order. I understand that Ministers from the Department for Business, Innovation and Skills, who may be thought to have some interest in the matter, will be answering questions in the Chamber next week, and that the tabling of Treasury questions will take place next Wednesday. I know that the hon. Gentleman will agree with me that it is always useful to have a bit of information, and I therefore proffer that to him and to the House.

The hon. Gentleman has made his point, and the Exchequer Secretary has certainly heard it—

[Mr Winnick]

But has remained silent.

[Mr Speaker]

He has not chosen to respond. We do not always have debates by means of point-of-order exchanges. However, the point has been registered very forcefully, and Ministers will be conscious of what the hon. Gentleman has said.

The hon. Gentleman is an extremely ingenious character. I feel sure that he will be present at business questions, and—I say this in the friendliest possible spirit—I know that when he has a bone in his mouth, he is inclined to chew on it, and to chew on it relentlessly. I feel sure that that is what he will do in this instance.

If there are no further points of order, we will come now to the ten-minute rule motion, and to the ever-patient Mr Benedict Gummer.