Oral Answers to Questions

Lord Beith Excerpts

Wednesday 18th May 2011 Commons Chamber

[The Prime Minister]

The right hon. Gentleman is right in every respect. This is a remarkable visit that demonstrates that the relationship between Britain and the Republic of Ireland is strong, and has probably never been stronger, with the successful devolution of policing and justice that made the visit possible. The scenes on our television screens last night of the visits that Her Majesty made to heal the wounds of the past, but also to look to a very bright future between our two countries, are remarkable and hugely welcome.

[Sir Alan Beith (Berwick-upon-Tweed) (LD)]

Q4. Since it is the people of this country who have paid the enormous bills for bank failures, should not they get some reward for their sacrifice by being given shares when the banks are eventually denationalised? Will the Prime Minister look at the imaginative scheme put forward by my hon. Friend the Member for Bristol West (Stephen Williams), which is now backed by The Sun newspaper, to do that?

[The Prime Minister]

I will certainly look at all the possible ways of putting the nationalised banks back into the private sector. I personally strongly support the idea of widening share ownership, so we will look carefully at the scheme that the right hon. Gentleman suggests. We also have to make sure that we secure value for money for the taxpayer as we try to fill in the great deep pit of debt that we were left by Labour.