Clause 72 — The bank levy

Part of Planning (Green Belt Protection) – in the House of Commons at 6:00 pm on 3rd May 2011.

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Photo of Kevan Jones Kevan Jones Shadow Minister (Defence) 6:00 pm, 3rd May 2011

I know that the right hon. Gentleman sometimes speaks at odds with his party, and he talked earlier about historical references. Was it not his party’s Government under Margaret Thatcher who deregulated the mortgage market, and is it not the case that up until the recent banking crisis hit, his party’s Front Benchers were talking about lighter regulation of the banking sector, not more regulation?