Jesse Norman
Main Page: Jesse Norman (Conservative - Hereford and South Herefordshire)Department Debates - View all Jesse Norman's debates with the HM Treasury
(13 years, 4 months ago)
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Mr Osborne
I hope that what people are hearing from us today are serious proposals: to increase lending in our economy, which is very important; to reduce the bonus pool, so that it is not as large as it was under the Labour Government; and to increase the contribution to communities in the way that we all want to see. That is what we are seeking to agree with the banks. As I say, there is absolutely no proposal to the contrary from the Labour party, which actually created this mess, and feathered the nests of the banks, while it was in office.
Jesse Norman (Hereford and South Herefordshire) (Con)
Does the Chancellor share my view that one reason why there was no bank levy under the Labour Government was because, in Lord Mandelson’s words, they were
“intensely relaxed about people getting filthy rich”?
Mr Osborne
That was one of the things that Labour Cabinet Ministers said at the time—and indeed, quite a few of them have lived up to it since leaving office.