Banking: Royal Bank of Scotland — Question

Part of the debate – in the House of Lords at 3:04 pm on 1 February 2011.

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Photo of Lord Hoyle Lord Hoyle Labour 3:04, 1 February 2011

I thank the Minister for that reply. Is there not something lacking when we cannot take firmer or more positive action in a bank in which we have 83 per cent of the shareholding? Does it not give the green light to the banks to carry on in the same way, while innocent people are losing their jobs because of the folly of the bankers, who are seen to be very close friends of this Government? The Government have talked tough and acted weak. Is there not a smell of hypocrisy about?