Royal Bank of Scotland

Robert Jenrick Excerpts

Thursday 11th June 2015 Commons Chamber

[Harriett Baldwin]

No, I have not read that report.

[Robert Jenrick (Newark) (Con)]

Is not the reason it is difficult to get our money back from RBS that, other than the Greek banks, no other major bank in the world is in such a parlous, unprofitable state, the root causes of which go back to the last Labour Government—a poor loan book, terrible misconduct, resulting now in catastrophic fines, and ill-judged mergers? Even if we sell the shares at a loss, would that not merely be a tragic reminder to the British public of the failure and economic incompetence of Labour?

[Harriett Baldwin]

I could not put it better myself.