Independent Banking Commission Report Debate

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Department: HM Treasury

Independent Banking Commission Report

Nadhim Zahawi Excerpts
Monday 12th September 2011

(12 years, 8 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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Net lending targets were tried by the previous Government, and when we looked at that in detail on coming into office, we saw why they had failed so spectacularly, and decided not to repeat the mistake.

Nadhim Zahawi Portrait Nadhim Zahawi (Stratford-on-Avon) (Con)
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May I commend the Chancellor on setting up the commission and on making such an unambiguous statement today? Will he confirm that he has the full backing of the Government, and that No. 10 will not be unleashing the “forces of hell” on No. 11?

George Osborne Portrait Mr Osborne
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One thing that has dramatically changed under this Government is the relationship between those in No. 10 and No. 11. We not only talk to each other, but also occasionally share a friendly drink.