Financial Crisis

Part of the debate – in the House of Commons at 3:56 pm on 20th January 2009.

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Photo of John Redwood John Redwood Conservative, Wokingham 3:56 pm, 20th January 2009

My hon. Friend makes a very good point. Does he not agree that the problem was that the Government blundered in, making a big cash injection into the Royal Bank of Scotland without any due diligence, audit or professional inquiry, even though there were weeks between the general statement of principle and the final deal? Why on earth did they not do their professional job?

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