Penny Mordaunt
Main Page: Penny Mordaunt (Conservative - Portsmouth North)Department Debates - View all Penny Mordaunt's debates with the HM Treasury
(13 years, 4 months ago)
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Mr Osborne
The apology should start with the previous Labour Government. Unemployment is high in the right hon. Gentleman’s constituency because it rose under the previous Labour Government and we are having to deal with welfare costs because they soared under the previous Labour Government. When it comes to student fees, I believe that he was the Minister responsible for higher education who commissioned Lord Browne to do his report. Frankly, opportunism and the Labour party go hand in hand these days.
Penny Mordaunt (Portsmouth North) (Con)
When my constituents complain about bankers’ bonuses, it is usually in the same breath as highlighting poor banking practices such as overcharging as well as issues with their ability to get credit for their business. What assurances can the Chancellor give that those poor practices will stop?
Mr Osborne
It is explicitly those sorts of practices that are part of the discussions we are having with the banks. We want to ensure that they treat customers, including small businesses and households, more fairly, to look at the overcharging issue and to make sure that families and business are given good advance warning of the need to renegotiate terms. That is all part of what we seek to renegotiate. As I have said, we have heard absolutely no positive proposals from anyone in opposition. That says a great deal.