Finance Ministers’ Meeting (Ireland) Debate

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Department: HM Treasury

Finance Ministers’ Meeting (Ireland)

Duncan Hames Excerpts
Wednesday 17th November 2010

(14 years, 1 month ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

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Mark Hoban Portrait Mr Hoban
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The hon. Gentleman makes an important point. The crisis is around the banking system in Ireland—it is not a fiscal crisis. Of course, we almost had to learn the lessons of failure to regulate the banking system. The Government therefore introduced radical reforms to strengthen the stability of the banking sector in the UK.

Duncan Hames Portrait Duncan Hames (Chippenham) (LD)
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Does the Financial Secretary accept that it would be a disservice to families and businesses in Ireland to exaggerate their economic woes, just as it would be in this country?

Mark Hoban Portrait Mr Hoban
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We are in difficult times and it is best to focus on what can be done to help the Irish economy rather than engage in a debate about statistics on Ireland’s current economic performance.