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Proceeding contribution from Stephen Williams (Liberal Democrat) in the House of Commons on Monday, 14 February 2011. It occurred during Debate on bill on Budget Responsibility and National Audit Bill [Lords].


Budget Responsibility and National Audit Bill [Lords]

I was talking about events prior to the crash, rather than the policy response to the crash itself, which was in any case initially rather timid and slow. My right hon. Friend the Member for Twickenham (Vince Cable) repeatedly urged the Chancellor to nationalise Northern Rock, which was the first symptom of the crisis, but those urges were resisted for quite some time.


Secondary information

Type
Proceeding contribution
Reference
523 c774 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Fiscal policy Economic situation Economic policy Forecasts National Audit Office Public finance Public sector debt Office for Budget Responsibility
Legislation
Budget Responsibility and National Audit Bill (HL) 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk