Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 7 September 2011.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 11:30, 7 September 2011

My right hon. Friend is entirely right that the Government must take action to reform the banks, and that is what we are doing. We have already set out how we are getting rid of the tripartite structure that failed so badly under the previous Government, how we are putting the Bank of England back in charge, and how we are making sure that, as he put it, we cannot have in the future these catastrophic bank failures that cost the taxpayer so dear. We are looking forward to receiving Professor Vickers’ report. It seems to me there are two vital things we have to secure—a safe and secure banking system for the future, but also proper bank lending, including to small businesses, right now in our economy. That is what Government policy will be aiming for.