Written question asked by Vincent Cable (Liberal Democrat) on Wednesday, 21 March 2001, in the House of Commons. It was due for an answer on Wednesday, 28 March 2001. It was answered by Melanie Johnson (Labour) on Wednesday, 28 March 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what steps he has taken in the year since the publication of the Cruickshank Report to reduce the excess profits being earned by the leading clearing banks identified by the Report. - Ref to Governments response to the Cruickshank report and Chapter Three of the Economic and Fiscal Strategy Report.

Answer: Dr. Cable: To ask the Chancellor of the Exchequer what steps he has taken in the year since the publication of the Cruickshank report to reduce the excess profits being earned by the leading clearing banks identified by the report. [155594] Miss Melanie Johnson: I refer the hon. Gentleman to the Government's response to the Cruickshank report, which was published on the 4 August 2000, and to Chapter Three of the Economic and Fiscal Strategy Report, which was published on 7 March 2001.

Secondary information