Opposition Day — Banking — 15 Jan 2014 at 15:52
John Penrose MP, Weston-Super-Mare voted against opposition calls for real reform and competition in the banking sector.
The majority of MPs voted against opposition calls for real reform and competition in the banking sector.
The motion rejected in this vote was:
- That this House
- believes that Government reforms have failed to deliver a competitive banking system which serves the interests of consumers or the needs of businesses and the British economy;
- is concerned that customers have limited choice and low levels of trust and confidence in the banking market;
- is disappointed that recent legislation has fallen short of the recommendations of the Independent Commission on Banking which called for action to diversify the sector and ensure that major new banking service providers are created;
- believes that banker remuneration remains unacceptably high;
- regrets the fact that it has taken the EU to act to rein in excessive bonuses in Britain in the absence of domestic action, but believes that the Government as a majority shareholder in RBS should not approve any request to increase the cap; and
- calls on the Government to prevent a return to business-as-usual in the banking sector, which continues to require real reform and competition so that the UK can earn its way out of the cost of living crisis.
Summaries of the voting position don't usually refer to if the proposal comes from the Government or opposition, but because of the lack of specificity for the proposal for "real reform and competition" it appeared appropriate here.
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||260 (+1 tell)||0||0||85.6%|
|Lab||0||223 (+2 tell)||0||87.5%|
|LDem||43 (+1 tell)||0||0||78.6%|