Financial Markets

Part of Olympics – in the House of Commons at 3:32 pm on 19 January 2009.

Alert me about debates like this

Photo of Michael Fallon Michael Fallon Chair, Treasury Sub-Committee 3:32, 19 January 2009

Does the Chancellor not recall, after the first bank bail-out on 13 October, when I specifically asked what due diligence there had been in respect of his £37 billion investment, he replied that "a cautious view" had been taken of the banks' liabilities. If he was that careless about the £37 billion, what assurance have we got that the next £50 billion is going to be better value for the taxpayer?