Proceeding contribution from George Osborne (Conservative) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
I certainly think that we need to learn the lesson that one cannot build an economy on unsustainable levels of personal debt. The Opposition made that point—and, more to the point, so did the Bank of England on various occasions. The International Monetary Fund also said that there were concerns about levels of indebtedness and so on. My hon. Friend's point is therefore well made.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c702
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Accountability Bank services Banks Building societies Bank of England Bank notes Finance Financial institutions Insolvency Government assistance Economic situation Equitable Life Assurance Society Protection Mergers Nationalisation Lloyds TSB Monetary Policy Committee Scotland Regulation HBOS Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Services Commission Bradford and Bingley
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-16 01:49:55 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_499450
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