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2 55pm: Darling points to a figure in the PBR.
Darling points to his support for the UK computer gaming sector (developers got a tax relief break).
Darling points out that a ringfence would not have stopped the collapses of Northern Rock or HBOS – "bog-standard high street banks that got into trouble".
If this sounds sound absurd, Darling points out that there are precedents from animal cruelty laws.
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Rev Dr Michael Jensen is the rector of St Mark's Anglican Church, Darling Point, Sydney.
As Darling pointed out in his speech, it supported the entire housing market when it needed it most.
As Darling pointed out today, there was a long history to Brown's autocratic domination of his cabinet.
Darling pointed out that the commission expected the UK to grow more quickly than other major European countries next year – including Germany, France, Italy, and the Netherlands.
As Darling pointed back to him, McKeon drew a line across the top of his jersey, seeming to tell Darling that if the borderline high pitch is a ball, the borderline low pitch should be a strike.
But, as Darling pointed out, with the bankers now asking for so much money – "nationalise us, please, oh please" – it could be counterproductive to confine the option to non-voting preference shares.
Dimon has made representations over the tax to Darling, pointing out to the chancellor that JP Morgan is a major investor in London and received no state aid from British taxpayers.
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