John McFall

"less lending for years or public ownership of the banks for the foreseeable future. It's not an easy choice, is it? "

Libertarian Democrat Point Of View (Free subscription) | 21/11/2008

Robert Peston on BBC probably doesn't like my hijacking his point for the Swedish Plan, but he probably doesn't read my blog, so here goes. Here's Peston : "In saying that there's a case for nationalising the entire British banking system , John McFall - the chairman of Commons Treasury select committee - has shone a light on the paradox of the recent global rescue of the world's biggest banks ( listen...

Unnecessary rancour

Blaney's Blarney (Free subscription) | 21/11/2008

Unhappy Labour MPs, led by Treasury Committee Chairman John McFall, are calling for banks that have received taxpayer funding and that are not yet lending to small businesses and individuals to face nationalisation . Older readers will recall the bizarrely popular cult programme Call My Bluff , presented by Robert Robinson and starring Frank Muir. I really don't see John McFall's threat to the banks...

Start Lending!

Loans and Finance (Free subscription) | 21/11/2008

John McFall, the chairman of the Treasury select committee issued a blunt warning to banks last night. " The banks appear reluctant to launch their recapitalisation lifeboat and start lending again to households and businesses. They are navel gazing and looking warily at each other instead of concentrating on their customers, many of whom are still in peril on a sea of uncertainty ." To add to the...

Resume lending or face full nationalisation, banks warned

The Guardian (Free subscription) | 21/11/2008

Banks will today be warned that the government may take the "nuclear option" and force them into full-scale nationalisation if they fail to resume lending to businesses. In a strongly worded statement, John McFall, the chairman of the Commons treasury select committee, said banks should be "actively lending instead of sitting on their hands". "Governments on both sides of the Atlantic have called...

Banks are urged to start lending again

News Scotsman (Free subscription) | 21/11/2008

BANKS must stop "sitting on their hands" and resume lending to small businesses, a senior Labour MP said last night. John McFall, the chairman of the Treasury select

• Banks are urged to start lending again - Scotsman.com

John McFall says banks must start lending or surrender their independence completely

The Telegraph (Free subscription) | 20/11/2008

The banks have a responsibility to society which they must fulfil. Otherwise forms of public ownership should be explored

Having it both ways

Blether with Brian (Free subscription) | 18/11/2008

Did you hear John McFall on GMS this morning? He who chairs the Treasury Select Committee in the Commons? The committee that is routinely described as "influential". Mr McFall is a thoughtful and diligent MP. Disdaining bombast, he offers precise analysis, generally grounded in three elements: an evidence-based approach, a concern for the disadvantaged and basic loyalty to the UK Government. I listened...

Leters: Post office branches

The Guardian (Free subscription) | 10/11/2008

Letters: John McFall (MP warns loss of contract may shut 6,000 branches, November 8) has rightly drawn attention to the possible loss of thousands more post office branches

John McFall: Post Offices facing a red card day

The Guardian (Free subscription) | 07/11/2008

John McFall: Cancelling the card account contract would lead to chaos and misery for both the Post Office and the millions it serves

MPs demand interest rate cut is passed on to customers

The Guardian (Free subscription) | 06/11/2008

Banks and building societies were today put on "red alert" that they must pass on the 1.5% interest rate cut to customers – or face possible parliamentary intervention. In a veiled threat, John McFall, chairman of the Treasury select committee , said financial institutions have been "defying the laws of arithmetic" by not passing on rate cuts and he warned that it was a "very live issue" with MPs....

John McFall MP on Commons Treasury committee inquiry into bailout

The Guardian (Free subscription) | 03/11/2008

John McFall MP, Chair of the Commons Tereasury Select Committee, on examination of the bank bailout with the Chancellor, the Bank of England and the FSA

Banking crisis: What questions would you ask?

The Guardian (Free subscription) | 29/10/2008

It is not quite the tribunal that Guardian columnist Simon Jenkins called for last month, but John McFall is doing his bit to try to call the authorities to account for the crisis that has befallen the once-proud banking system. He is hauling Alistair Darling, Mervyn King and Lord Turner before the Treasury select committee of MPs he chairs on Monday to seek a public explanation to how the taxpayer...

Gordon Brown should cut taxes to help UK survive recession says John McFall

The Telegraph (Free subscription) | 24/10/2008

Gordon Brown must cut taxes for lowpaid workers to help Britain survive the looming recession a senior Labour MP has said.

Government must be bold to deal with recession

The Guardian (Free subscription) | 24/10/2008

Without decisive action, the downturn could last for many years, writes John McFall MP - and the people will hold their politicians responsible for it

Treasury committee chair calls for lower taxes and higher spending

The Guardian (Free subscription) | 24/10/2008

John McFall, the influential chairman of the Treasury select committee, has today called on the government to lower taxes and increase spending in a bid to "rescue" the flagging economy. As official figures out today show Britain is heading towards a recession for the first time in 16 years, McFall urges Brown to create a "fiscal stimulus" to revive the country's economic fortunes. "As Brown rescued...