Banking

Part of Oral Answers to Questions — Scotland – in the House of Commons at 11:30 am on 18th March 2009.

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Photo of Philip Dunne Philip Dunne Opposition Whip (Commons) 11:30 am, 18th March 2009

The Secretary of State has just confirmed that the Royal Bank of Scotland's lending commitment is legally binding. Will he confirm that the astonishingly generous pension settlement of its former chief executive, Sir Fred Goodwin, is also legally binding? Will he therefore apologise for the soundbite from his Cabinet colleague who has postured on this issue but not been prepared to apologise for it?

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