Lord Lancaster of Kimbolton
Main Page: Lord Lancaster of Kimbolton (Conservative - Life peer)Department Debates - View all Lord Lancaster of Kimbolton's debates with the HM Treasury
(12 years, 9 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
What would be the consequences of the UK failing to pay its IMF subscription?
We would lose our seat on the IMF board; we would lose credibility in international economic debates; and we would lose our influence on measures to solve global economic problems. We would become marginalised—rather like Labour Members when it comes to their contributions to economic debates.