Financial Markets
Charles Walker calls on the Prime Minister and the Chancellor of the Exchequer to apologise to his constituents who feel they have been "led up the garden path by bankers, the regulators and this Government".
Mr. Charles Walker (Broxbourne) (Con): Can we cut through the rhetoric and some of the political consensus? Can I tell the Chancellor how furious my constituents are at the moment? They have been led up the garden path by bankers, the regulators and this Government, and sooner or later, the right hon. Gentleman and the Prime Minister are going to have to say sorry. A lot of good, decent, ordinary people are hurting as a result of the actions and failure of this Government.
Mr. Darling: I agree with the hon. Gentleman to the extent that every one of us represents people who see what is going on and find it hard to understand how on earth some of the banks have got themselves into their current position. But what they expect the Government to do, and what they expect us as Members of this House to do, is to act together to sort things out, rather than engage in the usual Punch and Judy show, which does no credit to anyone in this House.