Orders of the Day — European Bank for Reconstruction and Development

Part of the debate – in the House of Commons at 10:02 pm on 24 July 1990.

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Photo of Mr Nicholas Budgen Mr Nicholas Budgen , Wolverhampton South West 10:02, 24 July 1990

The central question here is why the private sector cannot do these things. My right hon. Friend is using exactly the same language that the Labour Government used in promoting the Industrial Reorganisation Corporation. We are talking about a state bank interfering in European affairs.