Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Iain Wright Excerpts
Tuesday 6th September 2011

(13 years, 3 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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It was this coalition Government who established the Vickers report. Those questions were simply not asked by the previous Government—we are asking those questions. However, I am afraid that the hon. Lady will have to wait until Monday to hear the Government response to the Vickers report.

Iain Wright Portrait Mr Iain Wright (Hartlepool) (Lab)
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Harold Macmillan, the most successful Chancellor and Prime Minister that Eton has ever produced, once said that effective Governments need to adapt to “Events, dear boy, events.” Could the Chancellor, dear boy that he is, outline to the House the events that would warrant a change in his economic policy, or is he woefully negligent, blinkered and complacent?

George Osborne Portrait Mr Osborne
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I think the hon. Gentleman is being rather harsh on Hugh Dalton, who I think also went to Eton.