Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 29 November 2007.
Peter Tapsell
Conservative, Louth and Horncastle
10:30,
29 November 2007
The protection of the position of the depositors and shareholders of Northern Rock is of pre-eminent importance, but does the Chancellor agree that while the liquidity crisis of the world's largest banks continues, consideration should be given to an easing of the regulatory capital requirement under the Basle agreement?
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
