Asked for the PM’s (Prime Minister) response to the Vickers’ report, the PMS (Prime Minister’s Spokesman) said that the PM would say something in his press conference, and that Chancellor was making a statement in the House of Commons later in the day. Asked for the Government’s response to the criticism that it won’t be in place for up to 11 years, the PMS said that the Government agreed with the timetable set out by Vickers. She added that the Government asked the commission to look at regulation, they considered it in very great detail, taking all factors into account, and the Chancellor would be responding to their report more fully later today.
Briefing took place at 10:00 | Search for related news
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