(4 years, 5 months ago)
Commons ChamberThis is the very point. The shadow Secretary of State has hit the nail on the head, because that was wrong. The Secretary of State should have run for the hills, never touched the issue ever again and flagged the conflict of interest to his departmental officials.
I wanted to put this question to the Secretary of State, who said he did not know that he would be seated next to Mr Desmond. He said that at the Dispatch Box and I will take him at his word. Are we seriously meant to believe, however, that Mr Desmond did not know that he was going to be sat next to the Secretary of State? Having talked to people I know who worked in professional fundraising and political fundraising, the question of cash for access is crucial. Does the hon. Gentleman agree that the Conservative party should publish all correspondence with Mr Desmond and his associates about the booking of the table at the dinner, and Mr Desmond’s expectations as to whether he knew that he would be sat with the Secretary of State?
I absolutely agree with the hon. Gentleman. Many of us, for very understandable reasons because of what is in “Erskine May” and the Standing Orders of this House, are trying very hard to stick to the rules in here, but the reality is that members of the public watching this debate on TV or reading it in Hansard will find it rather strange that a Conservative party fundraiser was organised and that the Secretary of State, who has a quasi-judicial role in the planning process, happened to be sat next to Mr Desmond.
(7 years, 2 months ago)
Commons ChamberOf course, we cannot forget Glasgow. We have several powerful financial centres in the UK. They can contribute enormously to our revenues as well as creating jobs and making the UK an attractive place to do business. However, we should never forget that the crash was a banking crisis, and the thought of politicians—not just the UK Government of the day, but Governments throughout the world—was not that they had spent too much or invested too much in schools, hospitals, teachers, dinner ladies, nurses and doctors, but that the regulatory regime that oversaw financial services was inadequate for the practices of the time. A corrosive greed took hold on Wall Street and in the City and the vast majority of people paid the price.
The hon. Gentleman is being generous with his time. He mentioned powerful financial centres, including Glasgow and Edinburgh. Does he agree with my colleagues and me that the Government’s reckless approach to Brexit is deeply damaging and will cause grave effects in cities such as Glasgow and Edinburgh?
I certainly agree with the hon. Gentleman. I shall come to his point, in the context of the motions and the extent to which they are insufficient to deal with the structural economic problems and the economic outlook faced by the country.