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Debate on Wednesday, 15 October 2008, in the House of Commons, led by Stephen Timms. The answering member was David Gauke.

HM Treasury

Debate on a motion that, for the year ending with 31st March 2009, for expenditure by HM Treasury—""(1) further resources, not exceeding £1,000, be authorised for use as set out in HC 1061, and""(2) a further sum, not exceeding £42,200,000,000, be granted to Her Majesty out of the Consolidated Fund, to meet the costs as so set out. Resolved. Ordered that a Bill be brought in on the foregoing resolutions. (Bill 148).

Secondary information

Type
Parliamentary proceeding
Reference
480 c798-839 
Session
2007-08
Department
Treasury
Procedure
Supply estimates
Chamber / Committee
House of Commons chamber
Related items
Consolidated Fund (Appropriation) (No 3) Bill
Wednesday, 15 October 2008
Bills
House of Commons
Proceeding contributions
Lord Tyrie | 480 c817 (Link to this contribution) I strongly support bank recapitalisation. We therefore have no choice but to support the estimate. ...
Mark Todd | 480 c817-8 (Link to this contribution) I would like to make it clear, first, that I entirely accepted the assurances given by the shadow Ch...
Show all contributions (46)
Speaker | 480 c813 (Link to this contribution) Order. Perhaps the hon. Gentleman could do us the pleasure of giving a précis of what the Chancellor...
Peter Bone | 480 c813-7 (Link to this contribution) Thank you, Madam Deputy Speaker. I do apologise, but I wanted to get on record the fact that I was n...
Peter Bone | 480 c806 (Link to this contribution) My hon. Friend makes a powerful point. Is he suggesting something similar to the American Government...
Peter Viggers | 480 c805-6 (Link to this contribution) I could not contribute to the debate yesterday for the agreeable reason that I was at Buckingham pal...
Peter Bone | 480 c807-13 (Link to this contribution) My hon. Friend the Member for Gosport (Sir Peter Viggers) makes an extremely important point about t...
Peter Viggers | 480 c806-7 (Link to this contribution) I will come to the main thrust of my argument three points further down the line, if I may. Obviousl...
Lord Tyrie | 480 c806 (Link to this contribution) I am listening carefully to my hon. Friend, but I wonder whether the Equitas parallel works. In that...
Peter Viggers | 480 c806 (Link to this contribution) In fact, I thought that the first Paulson plan to inject $700 billion into the banking sector was fu...
David Heath | 480 c824 (Link to this contribution) I give way, but I do not want to get sidetracked into a separate debate.
Charles Walker | 480 c824 (Link to this contribution) I am grateful. I hope that the hon. Gentleman accepts that I said it was incumbent on all of us in t...
Lord Tyrie | 480 c818-21 (Link to this contribution) I am very grateful for those remarks and I appreciate the hon. Gentleman's alerting me earlier today...
Charles Walker | 480 c821 (Link to this contribution) Thank you, Madam Deputy Speaker, for calling me to speak in this supplementary estimate debate. I ha...
Graham Stuart | 480 c823 (Link to this contribution) Will my hon. Friend comment on the fact that it is the very people he is talking about—those who hav...
Charles Walker | 480 c822-3 (Link to this contribution) That is very rude of my hon. Friend. The first principle is that the Government have absolutely no ...
Charles Walker | 480 c823-4 (Link to this contribution) My hon. Friend makes a very good point. People on every income scale will pay more tax, but those at...
Vincent Cable | 480 c803-5 (Link to this contribution) I realise that the narrow issue of the supplementary estimates is a peg for discussing some of the w...
David Gauke | 480 c799-801 (Link to this contribution) I am grateful to the Financial Secretary to the Treasury for setting out the purposes of the motion....
Peter Bone | 480 c801 (Link to this contribution) My hon. Friend is making a powerful speech, but is not the situation even worse? Term 6 of the share...
David Gauke | 480 c801-3 (Link to this contribution) I am grateful to my hon. Friend for pointing that out. It is further suggested that those levels sho...
Peter Bone | 480 c798 (Link to this contribution) On a small technical point, the Minister has introduced the main provision, but he has not mentioned...
Stephen Timms | 480 c798 (Link to this contribution) The purpose of this motion is to provide repayment of recent advances from the Contingencies Fund, a...
Graham Stuart | 480 c830-3 (Link to this contribution) I apologise for not being here at the beginning of the debate. I share colleagues' disappointment ab...
David Heath | 480 c829-30 (Link to this contribution) It is difficult to answer that, because I want to see that money returned from where it is sitting. ...
David Heath | 480 c828-9 (Link to this contribution) That is right. We need to look at the work of the rating agencies as a whole, because if the advice ...
Peter Bone | 480 c829 (Link to this contribution) I am listening with great interest to the hon. Gentleman's very powerful speech. I did not touch on ...
David Heath | 480 c824-8 (Link to this contribution) The hon. Gentleman tempts me into a debate that is for another day, but I hope I have made my views ...
Graham Stuart | 480 c828 (Link to this contribution) Does the hon. Gentleman agree that the Financial Secretary owes the House an explanation of the guid...
David Heath | 480 c824 (Link to this contribution) I give way, but as I said, I do not want to be diverted from my principal reason for speaking.
Graham Stuart | 480 c824 (Link to this contribution) I am extremely grateful. My hon. Friend the Member for Broxbourne (Mr. Walker) was absolutely right ...
David Heath | 480 c824 (Link to this contribution) Of course I accept that. How to structure taxes to ensure that we protect those who can least afford...
Stephen Timms | 480 c838-9 (Link to this contribution) The hon. Gentleman is right about three years. We want to see lending start up again, because it has...
Graham Stuart | 480 c834-6 (Link to this contribution) I agree with my hon. Friend, and in some ways I am even gloomier than he is. I feel that the costs a...
Lord Jackson of Peterborough | 480 c833 (Link to this contribution) Is my hon. Friend aware that, if we add the off-balance-sheet PFI scheme debts to the liabilities th...
David Gauke | 480 c837 (Link to this contribution) If the Financial Secretary is saying that it was necessary to make the arrangements in the way in wh...
Stephen Timms | 480 c836-7 (Link to this contribution) We have had a wide-ranging debate, and several points have been made to which I wish to respond. I s...
Stephen Timms | 480 c837 (Link to this contribution) Events certainly moved very quickly, and the Government had to respond very quickly. The conclusions...
Stephen Timms | 480 c837 (Link to this contribution) I cannot give way that often, but I will give way to the hon. Gentleman.
Peter Bone | 480 c838 (Link to this contribution) I am grateful to the Financial Secretary for remaining in the House for the whole of the debate. Hav...
Stephen Timms | 480 c837-8 (Link to this contribution) The hon. Gentleman knows that I returned to the Treasury only 10 days ago. [Hon. Members: ““Hear, he...
Graham Stuart | 480 c824 (Link to this contribution) Will the hon. Gentleman give way?
Stephen Timms | 480 c798-9 (Link to this contribution) Yes. As I have set out, we are doing two things under the motion: we are replenishing the Contingenc...
David Heath | 480 c824 (Link to this contribution) It is a pleasure to follow the typically thoughtful contribution of the hon. Member for Chichester (...
Lord Tyrie | 480 c837 (Link to this contribution) I am grateful to the Financial Secretary for giving way. Will he say when he first saw a worked-up p...
Subjects
Banks Capital investment Barclays Financial markets Government shareholding National income Public expenditure Lloyds TSB Shares HBOS Royal Bank of Scotland Landsbanki
Contains statistics
Yes
Link
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