Clegg, Brake, Burstow and Rennie quiz Brown

5.35.54pm BST (GMT +0100) Wed 17th Jun 2009

• [Jun 17] Mr. Nick Clegg (Sheffield, Hallam) (LD): DOES the Prime Minister agree with the comments made by his Chancellor this morning when he blamed the banks' boardrooms for the recession but refused fundamentally to change the way we regulate them?

The Prime Minister: We are fundamentally changing the way we regulate our banks. We are banning them from giving bonuses at the moment where we have taken over the banks. We are changing the structure of the boards by the way we are dealing with the problems that have been created in this recession, and we are introducing new financial services legislation in the next year to change the structure of regulation. In every area in which abuse has been found, we are taking action to deal with it. I hope that, when the legislation comes before the House of Commons, the right hon. Gentleman will support it, because that is the right thing to do. When people make mistakes, that has to be dealt with, and we are dealing with the mistakes that have been made in the City.

• Mr. Clegg: I still think that the Prime Minister is trying to have it both ways. He cannot just blame the bankers but not change the basic way we control them. He is just passing the buck. I will tell him who is to blame for this recession: a Government who did not listen to warnings, who let the bankers get away with blue murder and who, even now, refuse to separate ordinary high street banking from casino investment banking. Can he not see that if he just keeps passing the buck, the only certainty is that this kind of crisis will happen all over again?

The Prime Minister: The right hon. Gentleman is speaking as though high street banks and investment banks did not fail. The truth is that both failed, and we have to deal with that. The solution is to have better regulation and better supervision. It is actually about cross-border supervision at a global level as well. It is about bringing in those countries that have been outside the scope of supervision and regulation. That is what the G20 was about: to bring them all into the regulatory and supervisory net. To be honest, I think the right hon. Gentleman actually supports what we are doing but cannot bear to say so.

• . . Tom Brake (Carshalton and Wallington) (LD): The Prime Minister will have satisfied virtually nobody with his private inquiry into the war in Iraq. He does, however, have the opportunity to satisfy one family-the Al-Sarraj family. Mr. Al-Sarraj, who is detained in Camp Cropper in Baghdad, is the husband of my constituent, Shereen Nasser. Will the right hon. Gentleman talk to the US authorities to try to secure a release date for Mr. Al-Sarraj?

The Prime Minister: The hon. Gentleman has raised the case with me; I shall look further at what he says and write to him.

• . . Mr. Paul Burstow (Sutton and Cheam) (LD): This is national elder abuse week. According to the Government's own figures, 5,980 older people are victims of abuse every week in this country. Will the Prime Minister consider the need for legislation? The overwhelming majority of organisations responding to a Government consultation said that it was necessary, not least at a time when 5,900 people every week are unprotected from assaults and those who commit the assaults go unpunished. Is it not time for legislation, and will the Prime Minister meet me to discuss the matter?

The Prime Minister: Any abuse of the elderly is completely unacceptable. I hope that the criminal law will protect them, and that the regulatory framework will be such that we can give the protection that is necessary. We will continue to keep that regulatory framework under review. In a week when the amount of abuse of the elderly is being noted, I think it right to say that no citizen should be engaged in anything that puts the dignity and security of elderly people in our country at risk.

• . . Willie Rennie (Dunfermline and West Fife) (LD): Will the Prime Minister join me in commending the work of the Chernobyl children's charities, which bring thousands of children over from Belarus every year for recuperative holidays? Will he also explain why the Home Office has decided not to give free visas to the Chernobyl children from the north of Ukraine, who are suffering worse conditions than those from Belarus, and will he meet me and a delegation of the charities to discuss this important issue?

The Prime Minister: I know that the hon. Gentleman has raised this matter on many occasions and has taken a deep interest in it. I also know that he has held an Adjournment debate on it. He is asking about the Home Office and what it can do to help. I suggest that he ask for a meeting with the Home Secretary, and I am sure the Home Secretary will be happy to meet his delegation.

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• Full Debate in Parliament