Proceeding contribution from Chris Evans (Labour) in the House of Commons on Wednesday, 30 March 2011. It occurred during Grand Committee proceedings (HC) on The Budget.
The Budget
I have no problem with somebody making money and contributing to the economy, but when they are completely failing and getting massive bonuses, I do not agree with that at all. That is what the bankers are doing. They are failing, and yet they are still getting bonuses. What are the employers—the Government—doing about it? Absolutely nothing. We must realise that everybody needs banking. People need a bank account to pay money into, and they need money to pay their bills, but we need to reform banking. That is what the Government are not standing up to. The massive issue here is that we need to reform our economy, but we need to find the balance between the public and private sectors. The issue is about finding a way of investing while paying off the deficit. It is also about breaking up the banks into regional banks. If that happened and if we saw a more mutual element, we might see some of them relocating to Wales and creating more jobs. I have made my comments brief, so that the shadow Minister can wind up.
Secondary information
- Type
- Proceeding contribution
- Reference
- WGC c66
- Session
- 2010-12
- Chamber / Committee
- House of Commons Grand Committees
- Subjects
- Business Economic policy Public expenditure Wales Taxation Enterprise zones Budget March 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 21:06:58 +0000
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