Financial Crisis

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

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Photo of Bill Cash Bill Cash Conservative, Stone 3:56, 20 January 2009

I am very much encouraged by the line that my hon. Friend is taking on whether the European Union or the United Kingdom should decide the regulatory framework. Would he therefore be good enough to rule out the idea of the creation of a European unified regulatory response to the credit crunch, and to urge that point of view in the shadow Cabinet, in case anybody else might have a different point of view?