Results 181–200 of 7049 for speaker:Lord Darling of Roulanish

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: No, I do not think that was the main problem. The system of regulation that we introduced in 1998 brought together about eight or nine different regulators-self-regulators, as the Conservative party used to be very keen on self-regulation. The problem in relation to the Financial Services Authority, the American regulators and most other regulators was that they simply did not understand the...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I shall give way to the hon. Lady. It might be a mistake, but I will.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I am glad that I gave way to the hon. Lady for at least the first part of her intervention. I do not agree with her on the second part, but I should like to address that point now. It is true that our borrowing has risen very substantially-

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I shall not give way. I want to make some progress, because I know that many hon. Members want to make their maiden speeches, and I do not want to be blamed for not allowing them to do so. I might give way before I finish, but not just now. As I was saying, borrowing has clearly increased, but that has to be put into perspective. Our deficit for this year is broadly similar to that of the US....

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: That is indeed right, and many people in the construction industry say that an already difficult situation would have become much worse if we had not done what we did in 2008-09. Not many Conservatives or Liberals-we must include the two together-now stand up and say, "Actually, in retrospect, we shouldn't have been supporting the construction industry." I rather get the impression that they...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I will give way, for the last time, to the hon. Lady, whom I last met in a BBC studio. I got the distinct impression that she did not like Scottish accents, so I cannot resist.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I agree with that. If the hon. Lady is worried about spending cuts, she is going to have an interesting time over the next few months. I look forward to the exchanges that she has at future Question Times. As I draw to a close-

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: No, I am not going to give way. I want to draw attention to one of the biggest problems that I see in the future. I know that Governments in countries right across the world have to get their borrowing down and reduce their deficits. However, I am particularly worried that, if we do not have some countervailing pressure to support growth and measures to get growth in our economy, we run the...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I knew that if I mentioned Europe this would happen, as sure as night follows day.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: When comparing the judgments that we make about what is necessary fiscally, I do not think that bringing on to the main balance sheet PFI, Network Rail and everything else particularly helps. However, if that is the course of action that he has managed to persuade the Chancellor to take, we will look with great interest at the Budget in a couple of weeks. I just do not think that it is a...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: For sheer endeavour, I will give way to the hon. Gentleman.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I think that the word "savage" was used by the Deputy Prime Minister, of whom the hon. Gentleman now finds himself a great admirer. It was not a word that I used. It is important in the task that confronts the whole country and the Government that we do not get ourselves into a situation of almost competitive austerity, in which Governments and countries become blind to the need to secure...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: No, I will not. If we are to maintain jobs and ensure that borrowing does indeed come down, we need to have growth. Policies to achieve that are notable by their absence both in this country and the rest of continental Europe. It is no use Government Members citing what happened in Canada and Sweden. Yes, Canada reduced its structural deficit, but it did so at a time when its next door...

Point of Order (8 Jun 2010)

Alistair Darling: On a point of order, Mr Speaker. Yesterday, the Prime Minister said that the coming spending review was going to change our whole way of life and that today the Chancellor and Chief Secretary would publish a framework for this year's spending review. I am not seeking to reopen your decision in relation to my request for an urgent question, and I would normally have expected a statement in the...

Oral Answers to Questions — Treasury: Budget Deficit (8 Jun 2010)

Alistair Darling: First, may I welcome the Chancellor and his team to the Front Bench? I hope that he will join me in sending our good wishes to my right hon. Friend the Member for East Ham (Mr Timms), who remains a member of the Opposition Treasury team and who I am glad to say was in very good heart when I saw him a couple of weeks ago. He is looking forward to returning to the House at an early...

Oral Answers to Questions — Treasury: Budget Deficit (8 Jun 2010)

Alistair Darling: I agree that there are many issues that need to be resolved, in this country and others. No doubt we will return to them when the debate on the Gracious Speech resumes. I want to ask a specific question about the Office for Budget Responsibility that the Chancellor is about to set up. When that body makes its recommendations, will he undertake that it will publish all the underlying...

Government Spending Cuts (26 May 2010)

Alistair Darling: (Urgent Question): To ask the Chancellor of the Exchequer if he will set out the measures that will be implemented across government to deliver the more than £6 billion of in-year spending cuts announced earlier this week?

Government Spending Cuts (26 May 2010)

Alistair Darling: First, I am grateful to the Chief Secretary-I am just sorry that the Chancellor of the Exchequer could not make it. It is important, especially as the Government have difficult decisions and announcements to make over the next few months, that the Chancellor should be ready to come to this House to justify what he is doing. Will the Chief Secretary accept that there is no good reason why the...

Oral Answers to Questions — Prime Minister: Ways and Means — Financial Statement (24 Mar 2010)

Alistair Darling: This Budget takes place as the UK is emerging from the deepest global recession for over 60 years. It has been a testing time, which has required Governments across the world to make difficult decisions and difficult choices, and to take unprecedented actions. We had to decide whether to intervene to rescue the financial system or to stand on the sidelines, and whether we should support the...

Written Ministerial Statements — Treasury: Ecofin (23 Mar 2010)

Alistair Darling: The Economic and Financial Affairs Council was held in Brussels on 16 March 2010. The following items were on the agenda: Alternative Investment Fund Managers (AIFM) Directive The presidency deferred agreement on the AIFM Directive to a later Council meeting at the UK's request. The Government have made clear that the presidency's text is not acceptable in its current form, and believe that...


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