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
- Proceeding contributions
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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...
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Greg Clark | 472 c34 (Link to this contribution) The Chancellor is right to say that the Northern Rock Foundation is a crucial charitable institution...
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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 ...
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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...
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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...
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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 ...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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....
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Robert Goodwill | 472 c36 (Link to this contribution) The European Commission has indicated that while the emergency loans made at commercial rates do not...
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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...
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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...
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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...
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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 ...
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Lord Maples | 472 c32 (Link to this contribution) The Chancellor does not really believe all this stuff about restructuring Northern Rock, returning i...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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...
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Speaker | 472 c27 (Link to this contribution) I call Ken Clarke. [Interruption.]
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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
- View this Parliamentary proceeding on www.publications.parliament.uk
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- 2023-12-08 16:21:53 +0000
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