Banking (S.I., 2008, No. 432)

On the day that Northern Rock published its annual report and business plan, Philip Dunne questions the FSA's inaction in the months preceding the crisis and also about the treatment of preference shareholders in any compensation payout.

11.11 pm

Mr. Philip Dunne (Ludlow) (Con): It is a great pleasure to follow my right hon. Friend the Member for Wokingham (Mr. Redwood), whose closing remarks form a pr