Financial Markets

Part of Opposition Day – in the House of Commons at 4:50 pm on 5 November 1987.

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Photo of Mr Nigel Lawson Mr Nigel Lawson The Chancellor of the Exchequer 4:50, 5 November 1987

It is astonishing that last Thursday, a week ago today, the right hon. and learned Member was greatly concerned about the effect of the share sale on BP following the collapse of the stock market. Putting that floor under the price for this period has saved the disorderly after-markets that would otherwise have caused difficulties for BP. That is what I have done. If the right hon. and learned Gentleman thinks that that should not have been done, let him say so. I shall gladly give way