Business of the House

Gregg McClymont Excerpts
Thursday 7th February 2013

(11 years, 9 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Lansley Portrait Mr Lansley
- Hansard - - - Excerpts

I will seek a response from my right hon. Friend. The Minister for Schools, my right hon. Friend the Member for Yeovil (Mr Laws) is on the Front Bench and will, no doubt, have heard that question.

Gregg McClymont Portrait Gregg McClymont (Cumbernauld, Kilsyth and Kirkintilloch East) (Lab)
- Hansard - -

May we have a debate on the best use to which the Government can put the rather hefty fines that some banks are paying over the manipulation of LIBOR? Do the Government agree that it would be a good idea to transfer that money to the new green investment bank in Edinburgh?

Lord Lansley Portrait Mr Lansley
- Hansard - - - Excerpts

I am sure that the hon. Gentleman and the whole House would agree that the fines have so far been used very well in support of the military covenant. However, I will raise his suggestion with Treasury colleagues.