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Ministerial statement on Monday, 18 February 2008, in the House of Commons, led by Lord Darling of Roulanish.


Northern Rock

Statement on Northern Rock.


Secondary information

Type
Parliamentary proceeding
Reference
472 c21-36 
Session
2007-08
Department
Treasury
Chamber / Committee
House of Commons chamber
Related items
Northern Rock
Thursday, 20 March 2008
Written questions
House of Lords
Proceeding contributions
Lord Darling of Roulanish | 472 c34 (Link to this contribution) I am not sure that I can make a promise on the last point, but my hon. Friend is right that it was c...
Greg Clark | 472 c34 (Link to this contribution) The Chancellor is right to say that the Northern Rock Foundation is a crucial charitable institution...
Show all contributions (59)
Lord Darling of Roulanish | 472 c33-4 (Link to this contribution) My hon. Friend is right. Along with other hon. Members who represent north-eastern constituents, he ...
Andrew MacKay | 472 c34 (Link to this contribution) Following the Chancellor's response to my right hon. Friend the Member for Chingford and Woodford Gr...
Lord Darling of Roulanish | 472 c35 (Link to this contribution) Probably, the correct answer is the last one. Naturally we are all concerned about all those who exp...
David Clelland | 472 c35 (Link to this contribution) This morning I received an e-mail from a constituent who is a shareholder in Northern Rock. He said ...
Lord Darling of Roulanish | 472 c35 (Link to this contribution) I do not think anyone would maintain that the foundation's prospects have been affected by the diffi...
Lord Darling of Roulanish | 472 c36 (Link to this contribution) My hon. Friend makes a good point. It is a pity that the Conservative party, which initially support...
Dennis Skinner | 472 c36 (Link to this contribution) It was imperative for the Chancellor to intervene last year. He made the right decision, because in ...
Lord Darling of Roulanish | 472 c35-6 (Link to this contribution) The FSA is responsible for regulating Northern Rock. Ron Sandler and his new management team will wa...
Lord Darling of Roulanish | 472 c36 (Link to this contribution) My hon. Friend makes the point that this country has a very strong and stable economy. We have had m...
Rob Marris | 472 c36 (Link to this contribution) The Government have an enviable record in the last 11 years for economic stability and confidence in...
Lord Darling of Roulanish | 472 c36 (Link to this contribution) We do have to submit a restructuring plan by March; that has been the case since last year. The hon....
Robert Goodwill | 472 c36 (Link to this contribution) The European Commission has indicated that while the emergency loans made at commercial rates do not...
Lord Beamish | 472 c33 (Link to this contribution) Having many constituents who work for Northern Rock, I warmly welcome my right hon. Friend's announc...
Lord Darling of Roulanish | 472 c33 (Link to this contribution) Once again, half the Conservatives seem to want the bank to fail, while the other half are worried a...
Speaker | 472 c32 (Link to this contribution) Order. I ask the House to remember that we are supposed to be putting questions to the Chancellor of...
Chris Mullin | 472 c31-2 (Link to this contribution) My right hon. Friend should know that his statement will be widely welcomed, even though we are all ...
Lord Maples | 472 c32 (Link to this contribution) The Chancellor does not really believe all this stuff about restructuring Northern Rock, returning i...
Lord Darling of Roulanish | 472 c32 (Link to this contribution) You are, of course, right, Mr. Speaker. So, too, is my hon. Friend in his observation that the prima...
Geoffrey Robinson | 472 c32 (Link to this contribution) Is my right hon. Friend aware that if the Opposition do not like hearing the good and sound words of...
Lord Darling of Roulanish | 472 c32 (Link to this contribution) I know that the hon. Gentleman was trying to be helpful to his party, but I have to remind him of wh...
John Greenway | 472 c33 (Link to this contribution) May I return the Chancellor to the questions put to him by my right hon. and learned Friend the Memb...
Lord Darling of Roulanish | 472 c33 (Link to this contribution) I am grateful to my hon. Friend. I think that most people recognise that the action we have taken is...
Lord Darling of Roulanish | 472 c29 (Link to this contribution) At the risk of upsetting the right hon. Gentleman, I say to him that I am afraid that the best guara...
Iain Duncan Smith | 472 c29 (Link to this contribution) It is a long time since we have seen so many smiling faces below the Gangway in response to an annou...
Lord Darling of Roulanish | 472 c29 (Link to this contribution) I am surprised that my hon. Friend does not have one already, but I am sure that the bank will be pl...
Ronnie Campbell | 472 c29 (Link to this contribution) It is very important that we take notice of the work force in the business plan and ensure that thei...
Lord Darling of Roulanish | 472 c28-9 (Link to this contribution) The right hon. Gentleman is right: the Conservatives want the bank not to take any new business, whi...
Lord Beith | 472 c28 (Link to this contribution) I encourage the Chancellor to resist the calls from Conservative Members to run off the bank complet...
Lord Darling of Roulanish | 472 c29 (Link to this contribution) As I have told the House, if we had not intervened to save the bank last September and if it had gon...
Stuart Bell | 472 c29 (Link to this contribution) The Chancellor is perfectly right to refer to the sub-prime mortgage crisis in the United States and...
Lord Darling of Roulanish | 472 c28 (Link to this contribution) Let me put it this way: we had a choice of accepting one of the two bids on the table from the Virgi...
Jim Cousins | 472 c28 (Link to this contribution) Is my right hon. Friend's intention with nationalisation to grow on a successful business in the pub...
Lord Darling of Roulanish | 472 c31 (Link to this contribution) This is an example of the Tories trying to have it both ways at once. Half of them say that we shoul...
Lord Lilley | 472 c31 (Link to this contribution) A recent study shows that Northern Rock is already repossessing more homes than any other major bank...
Lord Darling of Roulanish | 472 c31 (Link to this contribution) I remember the nationalisation of Rolls Royce; I was not here at the time, although I am pretty sure...
Gerald Kaufman | 472 c31 (Link to this contribution) Has my right hon. Friend noticed that The Daily Telegraph says today that he is doing the right thin...
Lord Darling of Roulanish | 472 c30-1 (Link to this contribution) No, that is not the position. There is provision in the Bill to allow for assistance to building soc...
Michael Fallon | 472 c30 (Link to this contribution) Will the Chancellor confirm that clause 11 of his Bill will enable the Bank of England to offer fina...
Lord Darling of Roulanish | 472 c30 (Link to this contribution) I have to tell the House that, if we were going to assess the Conservative party's policies on this ...
Dari Taylor | 472 c30 (Link to this contribution) Maintaining banking stability is critical to all of us in the House. Does my right hon. Friend there...
Lord Darling of Roulanish | 472 c30 (Link to this contribution) As has been well documented, the FSA accepts that it should have taken action last year when it beca...
Adam Price | 472 c30 (Link to this contribution) It is not just the people's bank that people are concerned about; it is the people's debt. We have h...
Lord Darling of Roulanish | 472 c28 (Link to this contribution) I knew who the right hon. and learned Gentleman was, even if he was taken aback. He appears to suppo...
Doug Henderson | 472 c27 (Link to this contribution) Listening to media reports this morning, it seemed as though the Conservative party were dead set on...
Lord Darling of Roulanish | 472 c27 (Link to this contribution) I am grateful to my hon. Friend, who rightly sets out his concern for the future of Northern Rock an...
Speaker | 472 c27 (Link to this contribution) I call Ken Clarke. [Interruption.]
Lord Clarke of Nottingham | 472 c27-8 (Link to this contribution) The Chancellor will recall that I supported his guaranteeing deposits last autumn, although he did i...
Lord McFall of Alcluith | 472 c25 (Link to this contribution) I welcome the Chancellor's statement on the basis that it protects the interests of taxpayers, which...
Lord Darling of Roulanish | 472 c25 (Link to this contribution) First, I thank my right hon. Friend and his colleagues on the Treasury Select Committee for the very...
Vincent Cable | 472 c25-6 (Link to this contribution) After five months, the Government are now in the best position to ensure the repayment of the taxpay...
Lord Darling of Roulanish | 472 c26-7 (Link to this contribution) I agree with a lot of what the hon. Gentleman says. He is quite right to remind the House that there...
Lord Darling of Roulanish | 472 c24-5 (Link to this contribution) The shadow Chancellor is increasingly someone who conceals cynical opportunism with a pretty thin ve...
Lord Darling of Roulanish | 472 c21-3 (Link to this contribution) With permission, Mr. Speaker, I would like to make a statement on Northern Rock. I hope that the Ho...
George Osborne | 472 c23-4 (Link to this contribution) Never before in the long history of his office has a Chancellor had to come to Parliament to announc...
Philip Dunne | 472 c35 (Link to this contribution) In his hat trick of humiliating statements, the Chancellor has told us that he is accepting the prop...
Ken Purchase | 472 c34 (Link to this contribution) First, may I say to the Chancellor that he has been wise to take his time before arriving at this mo...
Lord Darling of Roulanish | 472 c34 (Link to this contribution) As I said in reply to the hon. Member for Ryedale (Mr. Greenway), it would be a profound mistake to ...
Subjects
Compensation Banks Public appointments Public sector Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
Contains statistics
Yes
Link
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