Royal Bank of Scotland

Tony Baldry Excerpts

Thursday 13th June 2013 Commons Chamber

[Sajid Javid]

The hon. Gentleman will be aware from the RBS statement yesterday that one reason why it has taken this step is that it believes, as do the Government, that RBS should become more focused on British business and British jobs. If the hon. Gentleman agrees with me that Scotland should vote next year to stay in Britain, that will certainly help the situation, making sure that when RBS talks about Britain, it is talking about the Britain we know today.

[Sir Tony Baldry (Banbury) (Con)]

Does my hon. Friend agree that Stephen Hester, who happens to be one of my constituents, was given a pretty poisoned chalice by the last Labour Chancellor when Fred Goodwin stepped down and that he has actually done an extremely good job in rescuing RBS and bringing it back from the brink? What I think most of my constituents are concerned about now is whether RBS is going to be a bank for small and medium-sized businesses, a bank for middle England and a bank for market towns such as Banbury and Bicester, helping to get SMEs and the economy moving and going forward.

[Sajid Javid]

I share the concerns that my hon. Friend has articulated. He will have noticed from my speech that I said RBS under Stephen Hester has made huge progress in becoming focused on lending to British businesses. I am confident that, because of the plans that have been set in place, that will become even more prominent in RBS’s strategy.