"I begin by expressing my personal gratitude to you, Mr Speaker, for selecting this important subject for an Adjournment debate this evening. The Ark pension schemes were put in place a few years ago to offer an apparently lawful method by which participants could realise a substantial proportion of their …..." Jack Straw - View Speech
"Of course I accept, as does, I think, everyone in this House, that if we are going to have arrangements by which people are able to save up for their retirement and to gain tax advantages in doing so, we cannot, in principle, have a situation where, in advance of …..." Jack Straw - View Speech
"It may be that the Minister is coming to my fourth question, but I would be grateful to know whether it is correct, as my constituent claims, that Ark held out that it was regulated by HMRC and the Pensions Regulator. If that is correct, does he believe that any …..." Jack Straw - View Speech
"We heard a vigorous defence of the Queen’s Speech from the Chancellor of the Exchequer, so it is surprising that so many Conservative Members have voted with their feet and emptied their side of the Chamber, obviously lacking the confidence to speak up in favour of their own Chancellor.
"I absolutely confirm that. As we have accepted, we did not regulate the banks and other financial institutes sufficiently, but the Conservatives at the time were demanding, in this Chamber and outside it, not more regulation but less. Just in case readers did not get the point of the then …..." Jack Straw - View Speech
"I am extremely grateful to the hon. Gentleman for giving way and for his generosity towards me. Yes, of course I accept the 2 million figure that he mentioned, but does he acknowledge that a significant element of that 2 million, whether we like it or not, is composed of …..." Jack Straw - View Speech
"If the right hon. Lady is so critical of the Labour Government’s record, will she explain why the Chancellor, when he was shadow Chancellor, made the commitment in anarticle in The Times on 3 September 2007 that a Government under him would endorse Labour’s spending plans for the …..." Jack Straw - View Speech
"I wish to express my gratitude to the hon. Gentleman for his leadership on this issue. Hon. Members on both sides of the House are very grateful. Like so many colleagues, I have a firm in my constituency—it does not want to be named—that has been in this situation. I …..." Jack Straw - View Speech
"I entirely endorse what my right hon. Friend has said. Does he accept that what made the banks’ behaviour even less acceptable is that such was the complexity of the swap products that often—and to my certain knowledge in a case that I have dealt with—the person providing the loan …..." Jack Straw - View Speech
"The lack of effective supervision of the Greek Cypriot banking system has been notorious for many years and it has become a haven for Russian money laundering. What steps, either through this package or through other measures, are being taken better to control the banking system in Cyprus?..." Jack Straw - View Speech