Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

Helen Goodman Excerpts
Wednesday 10th July 2013

(11 years, 4 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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We agree that the current system is unfair, and my hon. Friend gave the figures. We have committed to consulting on how best to introduce a national funding formula for 2015-16. We will consult widely all the interested parties to get this right. That will obviously include all Members of Parliament, and I know he will campaign very hard on that issue.

Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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The Tory Chair of the Treasury Select Committee has described the Government’s banking reforms as “falling short” and in some respects “virtually useless”. Is this the pay-off for all the millions the banks have poured into the Tory coffers?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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It is this Government who commissioned the Vickers report. It is this Government who committed to a ring fence around retail banks. It is this Government who are legislating to have criminal sanctions against bankers. What did the last Government do? What did those two do when they were sitting in the Treasury when Northern Rock was handing out 110% mortgages? They were knighting Fred Goodwin and watching while Rome burned.