Banking

Nadhim Zahawi Excerpts

Wednesday 9th February 2011 Commons Chamber

[Mr Speaker]

Order. There is clearly a great deal of interest. May I gently remind the House that Members who came into the Chamber after the statement began should not expect to be called? The position on this is very clear and long established, and it must be adhered to.

[Nadhim Zahawi (Stratford-on-Avon) (Con)]

Thank you, Mr Speaker.

“If the City is doing well, the country is doing well. When it prospers, we all prosper”.

They are not my words but those of the shadow Chancellor. Did my right hon. Friend take any advice from him?

[Mr Osborne]

No, instead I learned from the example of all the things that went wrong when the shadow Chancellor was City Minister. As one does on these occasions, I came into the Chamber armed with many of his quotes about what a golden legacy he was leaving in the City, how bonuses were at the appropriate level, and how he was going to resist all calls in Parliament to toughen up regulation. It would take a couple of hours to read them all out, but no doubt over the next few years we will have plenty of opportunities to remind him that he is a man with a past.