Former MP, Thurrock
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I shall not detain the House for more than a few moments. I listened carefully to the shadow Minister's speech and, although I am open to correction, I do not think that he made much reference to clause 8, which is struck out by the Lords amendments. I am extremely surprised, bearing in mind the traumatic experience that the UK has suffered during the financial crisis over the past year or...
I am pleased that I gave way, because that demonstrates the laid-back attitude of the Conservatives to this issue. Of course, the FSA has been acting in the way that the hon. Gentleman describes, but clause 8 places a duty on it. It reinforces its power. It sends messages abroad. It means that the FSA can go thumping the table internationally with full confidence and mandate of a statute....
My accusation stands, and I shall be interested to hear what the Minister says in reply.
Former Labour MP for Thurrock
Entered the House of Commons on 9 April 1992 — General election
Left the House of Commons on 12 April 2010 — did not stand for re-election
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Last updated: 12 Apr 2010.
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