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Proceeding contribution from Michael Connarty (Labour) in the House of Commons on Wednesday, 10 June 2009. It occurred during Opposition day on Dissolution of Parliament.


Dissolution of Parliament

It might be useful to look at what the Government did to save the Scottish economy at the same time. More than £60 billion went into saving the two Scottish banks that basically caused the crisis. As Lord Myners said last week in his evidence to the European Scrutiny Committee, we must not forget that the cause of the collapse of the economy lies with the banks, particularly the Scottish banks. We now have £200 billion of toxic debt, which we took on board to save the Scottish economy, which is much lauded by the Opposition parties.


Secondary information

Type
Proceeding contribution
Reference
493 c883 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Allowances Devolution Elections Expenditure Dissolution Members Parliament Scotland Reform Wales
Link
View this Proceeding contribution on www.publications.parliament.uk