Every time that we ask about the International Banking Crisis we are told, "It is improving you know".
asked the Chancellor of the Exchequer what recent discussions he has had with the International Monetary Fund regarding the International Banking Crisis; and if he will make a statement.
International Banking Crisis, 445.
Will my right hon. Friend find time for an early debate on the consequences of the International Banking Crisis and the problems of the Third world, especially of South American debtor nations?
The International Banking Crisis has been created almost entirely - certainly 99 per cent.
There has also been an International Banking Crisis, for which obviously the Government are not responsible, at least directly.
We have taken a dual approach to the downturn, which involves both tackling its causes - the International Banking Crisis and the lack of adequate lending - and dealing fairly with the consequences.
I hope that my right hon. Friend the Minister can reassure us that our Government and the other 19 who get together around that table in a couple of weeks' time understand that, so that when we look back on this Crisis in International Banking, we will see it as a turning point, not a lost opportunity.
I hope that my right hon. Friend can reassure us that our Government and the other 19 who get together around that table in a couple of weeks' time understand that, so that when we look back on this Crisis in International Banking, we will see it as a turning point, not a lost opportunity.
We had a Major International Banking Crisis; British banks' balance sheets account for roughly 4 to 5 per cent.
To conclude, in order to be as brief as possible-there is much else I could say-just as Tony Blair will be most remembered by history for deceiving the country as to the reasons for taking us to war in Iraq, so, as this PBR yet again demonstrates, the present Prime Minister will be remembered as the Chancellor and Prime Minister whose profligacy left Britain's economy the most vulnerable of all major economies when the International Banking Crisis hit us.
The International Banking Crisis could still get worse.
I do not blame this Government for the International Banking Crisis, though in retrospect the removal from the Bank of England of macro-prudential control over the financial sector did not help.
In the context of the International Banking Crisis, it was clear that one of the most traumatic problems for businesses of all types was securing lending or investment on a consistent basis.
Will my right hon. Friend take this opportunity to nail, once and for all, the lie perpetuated by many Labour Members that the International Banking Crisis is in some way completely responsible for the budget deficit, given that, in reality, the figures show that just £40 billion of the total £667 billion spent by Government last year went to prop up the banks?
The deficit was created by an International Banking Crisis that started in the US.
Between June 2007 and January 2008 Northern Rock collapsed, the International Banking Crisis began and the global recession started.
The Government are doing all this while the world economy is still very fragile after the International Banking Crisis.
I do not think that I blamed the last Government for the International Banking Crisis; I blamed them for the dire state of the UK economy that we inherited in 2010 - quite reasonably, if I might say so.
7%, owing largely to the action of the Labour Government to address the deficit and economic downturn that resulted from the International Banking Crisis - I wish they had had so much power that they could have created an international banking crisis, because then we might have changed much more, other than what we did do, such as introducing the national minimum wage.