(13 years, 1 month ago)
Commons ChamberOnce again, my hon. Friend anticipates my next sentence. I was about to remind the hon. Member for Devizes, if she were paying attention to the debate, that when she was penning speeches for her right hon. Friend the Chancellor of the Exchequer and for the now Prime Minister, they on more than one occasion decried the fact that there was too much regulation of the financial services industry. The House does not need reminding that the hon. Lady and her cohorts believed that if we had less regulation we would have a better financial services industry.
But I refer the hon. Lady to the speeches that she used to pen for the Chancellor of the Exchequer before he got some better speechwriters, when he used to say, “You may say we have too much regulation—and I agree.” So the Bill—