(14 years, 5 months ago)
Commons ChamberThe programme has run its course, and we have taken a decision on where to recycle the income. We think that the future of loan finance delivery is through the big society bank, and we want to encourage the traditional banking industry to meet the sector’s debt needs. That is the future—not the Futurebuilders programme, which distorted the market, rather than built it.
11. What recent assessment he has made of the contribution of Cabinet Committees, Sub-Committees and working groups to the work of his Department.
I am very conscious of your admonition to be brief, Mr Speaker, so I shall just say to the hon. Gentleman that we have a rather more modest ambition, which is not to ask what the Cabinet can do for our Department, but what our Department can do for the Cabinet.
I am happy to tell the hon. Gentleman that I am actually the unofficial bag carrier to the Prime Minister; I do not even qualify as the official one. We have organised ourselves in a way that means that we have cut to the bare minimum the number of groups that we operate. We have a far tighter Cabinet Committee system than that which was operated under the previous Government, because, as I said to the hon. Member for Luton North (Kelvin Hopkins), who asked an earlier question, we are absolutely determined that our Cabinet Committees be genuine decision-making bodies, not merely a dignified part of the constitution.