The Economy and Business, Innovation and Skills

Part of Corporation Tax Bill – in the House of Commons at 1:48 pm on 26th November 2009.

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Photo of Graham Stuart Graham Stuart Conservative, Beverley and Holderness 1:48 pm, 26th November 2009

Does the hon. Gentleman agree that although the covert lending was probably right in the circumstances, it was unethical for the Government then to lean on another bank and broker a deal under which shareholders could not be told about the covert loan? One bank merged with another with a huge loss of shareholder value. Even if we accept that the covert loan should have happened, we cannot accept mergers of institutions without openness, truth and transparency about what is really happening.

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