Business of the House

Ian Mearns Excerpts

Thursday 18th January 2018 Commons Chamber

[Andrea Leadsom]

My hon. Friend is right to point out that, whatever we do—whether we decide to look at the issue again later in the parliamentary Session, or whether we decide to take action now—at the heart of our decision must be the need to secure the best possible value for taxpayers’ money.

[Ian Mearns (Gateshead) (Lab)]

May I wish you a happy birthday for tomorrow, Mr Speaker? I would guess that we do not yet have to warn the London Fire Brigade about the potential for a conflagration from the cake.

I am grateful to the Leader of the House for providing a debate on restoration and renewal in Government time, but on the basis of the application for a debate on the subject that the Backbench Business Committee has already received, I suspect that a half-day debate may not be sufficient to assuage Members’ thirst, and that a subsequent debate in Back-Bench time may well be necessary. An awful lot of Members are very interested in discussing the pros and cons because whichever option is taken will not be cheap, and there are significant potential costs to the public purse as a result of whichever option we go for.

There is also an important debate this afternoon about RBS Global Restructuring Group, but will the Leader of the House think about having a debate in Government time about banking practice generally in the aftermath of the international financial crisis? I am aware of significant numbers of additional cases involving Lloyds, Allied Dunbar and many other banks in the banking system that have caused grievous problems to SMEs around the country, putting people into penury.