HM Treasury

Part of Supplementary Estimate, 2008-09 – in the House of Commons at 1:15 pm on 15th October 2008.

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Photo of Andrew Tyrie Andrew Tyrie Conservative, Chichester 1:15 pm, 15th October 2008

I am listening carefully to my hon. Friend, but I wonder whether the Equitas parallel works. In that case, the toxic waste was transferred to a body that remained the responsibility of the private sector and where the liability ultimately remained with those who created it. In the case of the banks, and of the Paulson plan, it was transferred to a public body, with taxpayers being directly at risk.

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