Financial Crisis

Part of the debate – in the House of Commons at 4:22 pm on 20 January 2009.

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Photo of John Redwood John Redwood Conservative, Wokingham 4:22, 20 January 2009

Why does the hon. Gentleman consider this to be a global banking crisis, given that China, India and Japan—countries with colossal economies—have experienced nothing like the problems that the United Kingdom has experienced with the Royal Bank of Scotland?