Banking Commission Report Debate

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Department: HM Treasury

Banking Commission Report

Ann McKechin Excerpts
Monday 19th December 2011

(13 years ago)

Commons Chamber
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Ann McKechin Portrait Ann McKechin (Glasgow North) (Lab)
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The Chancellor rightly attacked casino banking. Does he not agree that now is the time to restrict UK state-owned banks in respect of their operations in tax havens, which have been a source of much of that casino banking?

George Osborne Portrait Mr Osborne
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We have required all the major banks in Britain to sign up to the tax code that the previous Government introduced, although they got only two or three banks to sign up to it. We not only have the code, but we are making the banks sign up to it.