Is he aware that in a Previous Financial Crisis the King offered a reduction in salary?
I beg to move,That this House is disturbed that, in the past financial year, underfunding of the health service adversely affected patient care by compelling hospitals to cancel more operations and close more beds than even the Previous Financial Crisis of 1987–88; condemns the persistence of Her Majestys' Government in forcing on the National Health Service a market driven system of health care against the opinion of the overwhelming majority of the people who work in the health service and of the people who use the National Health Service; records its concern at the growing evidence that the system of patients following contracts results in less choice for patients of where to be treated and restrictions in the treatments available to them; regrets the two year delay in the introduction of the Community Care programme which should have taken effect this month; is alarmed at the serious threat to social service provision as a result of the crisis in local government finance created by Her Majesty's Government; and calls upon Her Majesty's Government for urgent action to tackle the growing gap between income support levels and charges for residential care.
The Government amendment correctly points out that repossessions are much fewer than in the Previous Major Financial Crisis that we experienced.
The Government have simply failed to learn from the mistakes made in the run-up to the Previous Financial Crisis.
No, not while I'm Chancellor - no it can't,” but the truth is that it can, because we have not learned the lessons of the Previous Financial Crisis.
In 1986, the wild west came back - all the firewalls and protections put in place following the Previous Financial Crisis in 1929 were swept away.
Given the level of taxpayer support received by the banks in the Previous Financial Crisis, it was clear that the imposition of some form of taxation was both necessary and justifiable in order to see a return for the taxpayer.