Business of the House

Chris Leslie Excerpts

Thursday 9th December 2010 Commons Chamber

[Sir George Young]

Indeed, the matter is of great interest to the right hon. Member for North West Hampshire, who has a number of racing stables in his constituency. I am unable to provide an immediate debate in Government time, but the Chair of the Backbench Business Committee is in her place and will have noted the bid. It might be the subject of an Adjournment debate in Westminster Hall or in the House.

[Chris Leslie (Nottingham East) (Lab/Co-op)]

May we have an urgent debate on the announcement that is buried on page 73 of today’s overview of draft legislation for the Finance Bill, which suggests that rather than raising £3.5 billion from the banking levy, the Government will raise only £2.5 billion? On a day when they are telling university teaching professionals and students that some of the cuts are unavoidable, is it not a scandal that they are climbing down on the bank levy?

[Sir George Young]

The Government are not climbing down on the bank levy. The Chancellor of the Exchequer has made it absolutely clear that he wants to extract the maximum possible resources from the banks. The amount that we will collect is a lot more than the previous Government had planned.