Former MP for Nottingham East
Mr Michael Knowles is a former MP for Nottingham East.
Former MP for Nottingham East
Entered the House of Commons on 9 June 1983 — General election
Left the House of Commons on 16 March 1992 — General election
I thank the hon. Member for Leicester, East (Mr. Vaz) for the kind words that he said about me. We started together on the scheme in the somewhat vain and naive hope that, in an election year, BCCI could be kept out of the party political bull ring. Inevitably, it was bound to be dragged in. Bank failures in the United Kingdom are rare compared with countries such as the United States, where...
That is right. The Bank of England is not an independent central bank like those in Germany and the United States. In the Banking Act 1987, the House deliberately give it great powers of independence. The alternative is for the Chancellor to look after it, but I am sure that no Chancellor would like to do that. As far as I am aware, no hon. Member has had the opportunity to read the...
Of all parties. This is not a party political point. I have a fairly hard heart towards such councils, and that is probably true of most hon. Members. There will be a lot of lessons for a lot of people to learn from this, not least all hon. Members who have passed the Banking Acts. In many cases, they were bipartisan Acts which had been in the treadmill of legislation for many years. We may...
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