Business of the House

Philip Davies Excerpts

Thursday 4th July 2013 Commons Chamber

[Mr Lansley]

The hon. Gentleman will recall that the Home Secretary made it very clear in the House that she has confidence that a number of inquiries that are being undertaken into the issues surrounding Stephen Lawrence’s murder continue to be independent, but that she has not taken off the table any further steps that might be needed to ensure that there is the rigour and independence required. She continues to keep the issue under review.

[Philip Davies (Shipley) (Con)]

Back in 2008, Bradford & Bingley was expropriated by the Labour Government in a horrid and flawed decision taken by the then Prime Minister and Chancellor. Nearly 1 million shareholders and bondholders still do not know how and why their company was confiscated. Surely the Leader of the House agrees that it is time the Government and the Financial Conduct Authority made it abundantly clear what decisions were taken in the run-up to the confiscation. Will he arrange for the Chancellor to make a statement laying out exactly what decisions were taken, so we can find out once and for all why Bradford & Bingley was treated so unfairly compared with other banks in a similar situation?

[Mr Lansley]

On behalf of my hon. Friend and other Members who share his views, I will raise the matter with my right hon. Friend the Chancellor of the Exchequer. My hon. Friend will be aware that our right hon. Friend will not himself have direct access to the papers of the previous Administration, but I will ask him what steps, not least in the context of the continuing inquiry into banking standards, it is appropriate to take to find out more about the circumstances.