Independent Banking Commission Report

Part of Oral Answers to Questions — Home Department – in the House of Commons at 3:35 pm on 12 September 2011.

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Photo of Claire Perry Claire Perry Conservative, Devizes 3:35, 12 September 2011

On that point, let me say that I welcome the careful timetable that has been set out. That is particularly important when the Government are prepared to act unilaterally, which the last Government were not prepared to do.

May I urge the Chancellor, when faced with the inevitable whinging from banks saying that they are considering leaving the United Kingdom, to bear it in mind that the UK retail business is unbelievably profitable, and to say that banks that want to leave should exit their business or be invited to do so?