Results 161–180 of 7049 for speaker:Lord Darling of Roulanish

Oral Answers to Questions — Prime Minister: Financial Services Regulation (16 Jun 2010)

Alistair Darling: I am grateful to the Chancellor for that answer, and I wonder whether I might press him on a number of points. First, he says that the Bank of England will have responsibility for macro-prudential supervision, but he also says that the debate as to what macro-prudential supervision consists of is still up for grabs as it is still being debated internationally. When does he expect those...

Oral Answers to Questions — Work and Pensions: Office for Budget Responsibility (14 Jun 2010)

Alistair Darling: I thank the Chancellor for his statement. My thanks would be more heartfelt had I not received it just 25 minutes ago. There was a time when statements were supposed to be in the hands of the Opposition an hour before the statement was made, and then 45 minutes. I do accept, before the Chancellor says it, that in my time there were occasions when he did not get as much notice as he wanted....

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

Alistair Darling: I beg to move an amendment, at the end of the Question to add: "endorse the successful steps taken by the previous administration to return the economy to growth, to keep people in their jobs and homes, and to support businesses; note the need for a clear plan to bring down the deficit; respectfully believe that securing the recovery and robust future growth should be central to that plan;...

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

Alistair Darling: My right hon. Friend will know that I have always had reservations about transferring responsibility for regulation to the Bank of England, as I am not sure that it is the best body to deal with it. Certainly, for much of the past 10 years, it has had a good and distinguished record on monetary policy, but I am not so sure whether it should have widespread responsibility for regulation. My...

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

Alistair Darling: I will give way once more to my right hon. Friend.

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

Alistair Darling: I think it was providing a response to a parliamentary question from my right hon. Friend that obliged me to read the report. I remember spending two days reading it and giving my decision. However, I do not have the benefit of the advice I received, which I now need to remind me why I refused his request at that time. All I can say is that I refused his request for entirely the right reasons...

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

Alistair Darling: Forgive me if I have misunderstood the hon. Gentleman, but throughout the three years when I was Chancellor, I do not think that I ever, on any occasion, concealed from anyone the difficulties that we and other economies would face as a result of the deepest global downturn in the past century. There can be no doubt about that. However, I should tell the hon. Gentleman and his colleagues that...

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

Alistair Darling: I shall give way to the hon. Lady first.

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

Alistair Darling: First, I said on many occasions that the right thing to do was to hold a spending review this year, before the end of the current review period ran out. There is still a lot of uncertainty, as I shall explain later, and the hon. Lady would do well to remember that at present, while we are coming out of recovery, our growth is modest. I hope we will see recovery secured, but what is happening...

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

Alistair Darling: I will give way to my hon. Friend the Member for Huddersfield (Mr Sheerman), and then I shall make some progress.

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

Alistair Darling: I think it is necessary for anyone charged with responsibility for the British economy to take a measured approach. If things are difficult, they have a duty to speak out, even when that causes them some problems, as I found out myself a couple of years ago. I think it is better that we do that, than not. Equally, however, it does no good to go running around saying the situation is...

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

Alistair Darling: No, I do not agree with that. I think the hon. Gentleman will find that an awful lot of things that went wrong in 2007 were a result of what went wrong in the banking system, not just here but in other parts of the world as well.

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

Alistair Darling: The Governor was making a very fair point, as he does on many occasions. It is interesting that even in the past couple of days Government members-the Prime Minister yesterday, and one or two of his ministerial colleagues-are rowing back from direct comparisons with Greece because that may have been very convenient to them in opposition, but it might not be such a good idea now that they hold...

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

Alistair Darling: I am grateful to the hon. Gentleman for accepting what is obvious: the fact that during a recession Governments do have to borrow in order to support their economies. However, I should remind him that during the earlier part of the previous decade the Conservative party supported our spending programmes, saying that they would stick to our spending levels. The Prime Minister, when he was...

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

Alistair Darling: I agree with my hon. Friend. The new Government will find that for every industrialist or manufacturer who says that public spending needs to be cut, in areas that benefit from such spending people take a rather different view. The car scrappage scheme is an example of that, and it made a huge difference to the car industry and the motor vehicle industry in general. As the hon. Member for...

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

Alistair Darling: What economists call the "automatic stabilisers" are still operating and are still supporting the economy. I have always been clear about this, and I believe that the deficit has to be reduced. One of the reasons why I wanted to halve it within a four-year period was that I wanted to get it down in a way that did not damage the economic or, indeed, the social fabric of the country while that...

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

Alistair Darling: Before I leave this point I should say something further because a number of hon. Members mentioned our spending in the earlier part of our Government. It is not just about what we did during the recession; it is about the fact that over the relevant 10-year period, there was an unprecedented decade of growth such as this country had not seen before, as well as low interest rates, low...

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

Alistair Darling: My right hon. Friend is right. No doubt there will be another occasion to revisit the lend-lease arrangements that the then Government entered into in the 1940s, although I commend to the House Lord Robert Skidelsky's excellent third volume on Keynes, which deals with this matter quite extensively. Some people thought that we got a pretty bad deal in 1943, but there you are.

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

Alistair Darling: I shall give way to the hon. Gentleman who I think used to advise the Chancellor at one point.


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