Banking Bill

Part of Orders of the Day – in the House of Commons at 5:09 pm on 14th October 2008.

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Photo of Stephen Hesford Stephen Hesford PPS (Mr Michael Wills, Minister of State), Ministry of Justice, PPS (Vera Baird, Solicitor General), Law Officers' Department 5:09 pm, 14th October 2008

As I have previously reminded the House, the hon. Gentleman is on record as saying that no Government could have foreseen the sub-prime mortgage tsunami that has hit the system. If that is right, and if he sticks by what he previously said, I am not sure what point he is now making. We were hit by circumstances that we could not have foreseen, and are dealing with them.

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