"Is my right hon. Friend as unconvinced as I am by the relatively arbitrary figure of 4% being preferable to 3% for the leverage ratio? Like him, I believe that, if there is going to be any tightening on capital adequacy or leverage, it should be done when the recovery …..." David Ruffley - View Speech
"As has been mentioned already, some in the Bank, including Sir Mervyn King, argued that insufficient lending is a consequence of insufficient capital. I put that to Mr Bailey a few days ago in the Treasury Committee. I asked him about the net new lending level now compared with when …..." David Ruffley - View Speech
"To help the hon. Gentleman out here, if he had been in the Chamber this time last year, he would recall the Chancellor of the Exchequer saying in respect of LIBOR rigging that he had referred the facts in those cases to the Serious Fraud Office, which is, as we …..." David Ruffley - View Speech
"What does the hon. Gentleman say to the Institute for Fiscal Studies, which states that the latest Labour proposal to reintroduce the 10p rate
“has no plausible economic justification. It would complicate the income tax system and achieve nothing that could not be better achieved in other ways”?..." David Ruffley - View Speech
"I want to return to the question that I asked the hon. Gentleman. Most technical experts say that a 10p rate would complicate the tax system. Let me ask him once again: would not his proposal complicate the tax system? Indeed, was not that the reason why the Labour Government …..." David Ruffley - View Speech
"The A14 Cambridge toll road is strategically vital for the golden economic triangle that is Cambridge, Norwich and Ipswich—..." David Ruffley - View Speech
"And indeed Colchester. Can my right hon. Friend the Chancellor confirm that he will have that at the forefront of his mind when the Treasury makes its capital allocations?..." David Ruffley - View Speech
"The Chancellor is a fiscal Conservative and monetary activist, and as such he eschewed shock and awe measures in this Budget, opting instead for sensible targeted relief that is welcome on this side of the House. Cuts to income tax mean that by 2015 a large number of income tax …..." David Ruffley - View Speech
There were no shock-and-awe measures in the Budget, because the Chancellor is probably right to believe that we are not approaching a lost Japanese decade. Nevertheless, I am concerned about the Office for Budget Responsibility growth projections; it forecasts growth of 2.3% in …..." David Ruffley - View Speech