Charlie Elphicke
Main Page: Charlie Elphicke (Independent - Dover)Department Debates - View all Charlie Elphicke's debates with the HM Treasury
(11 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sajid Javid
The hon. Gentleman raises a good point. That was a problem at the previous regulator, the FSA. When the PRA was set up, its head, Andrew Bailey, prioritised the issue, making sure that he hires the best people and that they are rewarded accordingly, to make sure they can do a good job in looking after the interests of the taxpayer.
Charlie Elphicke (Dover) (Con)
Given that the taxpayer had to buy the bank and, shamefully, was forced to overpay by £12 billion, may I urge the Minister not only to privatise it as soon as possible, but to consider people’s shares, so that the taxpayers who paid for it have something to show for it?
Sajid Javid
I remind my hon. Friend of something I said earlier, which is that we are looking at future plans for the state-owned banking sector but think it prudent to wait for the report from the Parliamentary Commission on Banking Standards; however, I will take his representation on board.