Banking Reform

Part of Oral Answers to Questions — Treasury – in the House of Commons at 3:32 pm on 3rd November 2009.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer 3:32 pm, 3rd November 2009

If I were the hon. Gentleman, I should be very careful before saying such a thing. He may wish to have a word with Mr. Osborne, the shadow Chancellor, who made a point of telling the country that on the day in question he spoke to those involved on both sides, and said that the Conservatives fully supported that particular merger.

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Nikki Turner
Posted on 4 Nov 2009 10:59 am (Report this annotation)

On the subject of Banking Reform and the advisability of the HBOS Lloyds Merger - could the Chancellor, on behalf of the Government, comment on the detailed report he was sent on the 27th October evidencing extreme irregularities at HBOS that remain unresolved and which have affected thousands of people adversely. Is this Government comfortable giving Lloyds Banking Group more tax payers money while they are concealing serious events which are being investigated by the FSA and which could ultimately damage their share price? Does that report, which was also sent to the Treasury Select Committee, Mervyn King, Vince cable and all the MPs who took part in a Debate at Westminster on 2nd June, about these irregularities, not merit consideration by the Government given the subject matter is clearly relevant to any debate about Banking Reform?