[Un-Allotted Half Day] — Banking (Responsibility and Reform)

Part of Opposition Day – in the House of Commons at 4:37 pm on 7th February 2012.

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Photo of Mark Field Mark Field Conservative, Cities of London and Westminster 4:37 pm, 7th February 2012

We all appreciate that this banking crisis has gone on considerably longer than we envisaged. In 2008, we probably all thought that we would have divested ourselves of our huge stake in RBS and Lloyds Banking Group by now. I therefore fully support the idea of a structure for bonuses that would come into play only when we have divested ourselves of our stake in those two banks. However, I get the impression from all that the hon. Gentleman has said that he draws no distinction between those two banks, in which we have large holdings, and the rest of the banking sector. Am I correct in that assumption?