Oral Answers to Questions

Peter Bone Excerpts

Tuesday 21st December 2010 Commons Chamber

[Mr Hoban]

If the hon. Lady speaks to building societies, which are finding it difficult to lend at the moment, she will hear their concern about the amount that they pay towards the financial services compensation scheme. Contributing to a pre-funded scheme would add to that burden and reduce the ability of banks and building societies to lend to support the recovery.

[Mr Peter Bone (Wellingborough) (Con)]

Government Members, including me, believe that the Chancellor and his team are doing an exceptionally good job for the country. May I suggest another policy to reduce the deficit in this country? A freeze on our contributions to the EU would save us £22 billion over the next five years, which should be given back in tax cuts.

[Mr Hoban]

My right hon. Friend the Prime Minister is working with his international partners to freeze the EU’s budget over the next financial perspective.