Proceeding contribution from Dennis Skinner (Labour) in the House of Commons on Monday, 18 February 2008. It occurred during Ministerial statement on Northern Rock.
Northern Rock
It was imperative for the Chancellor to intervene last year. He made the right decision, because in that very week Alliance and Leicester shares fell by a third, which signalled to anyone with any sense or political acumen that something had to be done. Now he has made the right decision again. The Tories were not always where they are today. In 1971 Ted Heath did not run away from taking over Rolls-Royce, and it was saved. In 1975 Harold Wilson decided to save Burmah Oil, and as a result it too was saved. That is unlike the Notting Hill finance group, who run away at every single opportunity.
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c36
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Banks Public appointments Public sector Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:27:48 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_445211
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