Royal Bank of Scotland

Heidi Allen Excerpts

Thursday 11th June 2015 Commons Chamber

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

I remind Members that if they want to ask a question, they need to stand. I am not always sure whether Members have changed their minds when they sometimes stand and sometimes do not stand. It also helps if we have brief questions and shorter answers, which should allow everybody into the debate.

[Heidi Allen (South Cambridgeshire) (Con)]

It strikes me that the concern is about the process at the beginning of the sale. All the advice—from the Bank of England and Rothschild—is about phasing, which is part of the journey to return to profitability. May I suggest a rebranding exercise? Perhaps we should call this something different—I know what: a long-term economic plan!

[Harriett Baldwin]

I welcome my hon. Friend and her excellent question. She is absolutely right that today’s statement announces a decision point on the journey of implementing our long-term economic plan. Part of that is returning the financial sector to its normal state of health.