HIGHLIGHTS - Darling takes parliamentary questions
LONDON |
LONDON (Reuters) - Below are highlights from Chancellor Alistair Darling's monthly Treasury questions in parliament on Tuesday.
Earlier in the day he announced the government would inject around 30 billion pounds of extra capital into Royal Bank of Scotland and Lloyds Banking Group as part of a broader restructuring of the two institutions.
DARLING ON RECESSION
"I did say at the Budget that I did not expect to see the economy return to growth until the turn of the year, and I remain of that view.
"It is good news for us that now America, Germany and Japan are coming out of recession because these are important markets for us. It was inevitable that the recession would affect them in different ways."
"It's important to continue supporting our economy until the recovery has become established."
DARLING ON POSSIBILITY OF MUTUAL N. ROCK
"Anyone seeking to take over Northern Rock would of course have to have regard to the fact that it would be necessary to make sure that the taxpayer was repaid. Certainly, in principle, I have no problem with the concept of a mutualisation of Northern Rock, provided there were funds available coming from outside government sources to do that."
- Tweet this
- Link this
- Share this
- Digg this
- Reprints



Follow Reuters