Oral Answers to Questions

David Winnick Excerpts

Tuesday 10th February 2015 Commons Chamber

[The Deputy Prime Minister]

I would like to correct the hon. Gentleman, as I have it here. I said:

“As Deputy Prime Minister, I support the Prime Minister on a full range”.—[Official Report, 6 January 2015; Vol. 590, c. 143.]

That does not mean “complete range”; it does not mean the whole, as the hon. Gentleman suggests. Of course there are disagreements between myself and the Prime Minister, and of course there are disagreements between the coalition parties. I know the hon. Gentleman has not taken to the give and take of coalition government as readily as some Government Members have, but I think history will judge the two coalition parties kindly for having put the national interest first and working together, supporting each other, in order to fix the broken economy inherited from the previous Government. As he talks about support, I am delighted to hear that the Prime Minister and his party now support my party in, for instance, giving tax cuts to millions and millions of people on low and middle incomes—that was always our policy.

[Mr David Winnick (Walsall North) (Lab)]

Will the Deputy Prime Minister be attending the lectures being given by the Rev. Lord Green, the chap who ran HSBC in such an ethical way? Apparently, he is giving lectures on “ethical banking”. Does the Deputy Prime Minister stand by the comments made by the Business Secretary when the Rev. Lord Green was made a trade Minister? The Business Secretary described Lord Green in terms of

“a powerful philosophy for ethical business.”

Even George Orwell could not have made that one up!

[The Deputy Prime Minister]

Again, the hon. Gentleman is a brave man to talk about regulation of the banking system from the Labour Benches, given his party’s total, singular failure to heed the warnings of my right hon. Friend the Business Secretary. I recall him standing there saying to the then Prime Minister, week in, week out, that the Labour party was heading for trouble because it did not regulate the banks properly. Perhaps the hon. Gentleman might want to ask questions of his own colleagues about why HSBC was able to get away with such outrageous business practices back in 2007 and 2008.