Bank of England (Appointment of Governor) Bill

Debate between Kwasi Kwarteng and Nigel Evans

Friday 6th July 2012 Commons Chamber

[Kwasi Kwarteng]

Absolutely—

[Mr Deputy Speaker]

Order. Let us not have a debate about the debate. Let us please just move on to the Bill.

[Kwasi Kwarteng]

I want to make a remark about the Bill, and not of a partisan nature. I am very grateful to be able to speak fully, and I will not be intimidated or bullied into truncating my remarks to make them shorter than I had anticipated—

[Mr Deputy Speaker]

Order. May I now gently bully the hon. Gentleman into moving on to the Bill?

[Kwasi Kwarteng]

Thank you, Mr Deputy Speaker. I am suitably bullied and shall proceed as I intended.

The Bill raises important constitutional issues. We have a Parliament, we have the honour of sitting in the House of Commons, and we all know the struggles the House had in order to assert its primary function and its principal character as the legislature and main law-making organ of government. I am afraid that the Bill represents a further encroachment of the powers of the House of Commons. I am a Conservative. I happen to think that there should be a balance and distinction between the Executive and the legislature. As someone who has read a little of the history of this place, I also recognise that the position of the House of Commons in the constitution should be guarded, but this new development—this assertion that the Treasury Committee should have a power of veto or even a power of appointment over the Governor of the Bank of England— represents an unprecedented extension of the powers of this House.

Industry (Government Support)

Debate between Kwasi Kwarteng and Nigel Evans

Wednesday 16th June 2010 Commons Chamber

[Kwasi Kwarteng]

I am not talking about the 18 years from 1979 to 1997. I am talking about the 13 years in which we lived under Labour.

To finish my contribution, I want to talk about the private sector and the public sector. Someone described trying to grow an economy by focusing on the public sector as a man sitting in a bucket trying to lift himself up by pulling the handle. It does not work. The only way we can have a viable public sector is if we can have revenues coming in from a buoyant private sector. As my hon. Friends have reiterated time and again, it is only by having a prosperous private sector that we can grow our way out of the recession. The message about a strong private sector is clear. It wants less regulation, less red tape and bureaucracy and a clear tax system, and it generally supports the coalition Government and the Government programme. For these clear and simple reasons, I support the Government amendment.

[Mr Deputy Speaker]

Order. Under the power I have to vary the time limit, I am changing it to 10 minutes.