Banking Bill
10:56 am
Ian Pearson: I should like to make a brief introductory statement. The Banking Bill to be scrutinised by the Committee is being brought forward during challenging times for financial markets and economies across the world. The Bill is one important part of a package of action and reform to improve the UK system for ensuring financial stability and protecting depositors. I am encouraged that the Bill received cross-party support on Second Reading. It was disappointing that the Leader of the official Opposition seemed to go back on that in his speech to the City on Friday, which showed a complete lack of judgment and sought to play party politics rather than act in the national interest.