Economy

Lord Myners Excerpts

Monday 7th June 2010 Lords Chamber

[Lord De Mauley]

My Lords, I could not agree more with my noble friend.

[Lord Myners]

Does the Minister expect to see the banking industry’s economic contribution grow or contract in importance?

[Lord De Mauley]

My Lords, the noble Lord, Lord Myners, has put his finger on a very important point. He is right to point out that it is important that the banking sector does not contract. We need to rebalance by bringing up manufacturing and other sectors.