1157, Peter Hoskin: Welcome to Coffee House’s live blog of the first PMQs of this Parliamentary session (you can watch it here). Expect a lot of back-and-forth about the £50 billion bailout, all in a spirit of aggressive cooperation. And stay tuned for Fraser’s detailed report later.
1204, PH: Here we go…
1204, PH: Brown confirms that interest rates have been cut by 0.5 percent. That could be the most significant thing to come out of this PMQs.
1206, PH: First question from Robert Goodwill – “Does the PM agree with the IMF that the economy will contract next year?” Brown’s response: the usual “Every across the world is facing this…” and that “everything that can be done will be done”.
1207, PH: Sir Gerald Kaufman asks for assurance that the “fat cats” of the City will not “profit” at the expense of the poorer in society. Brown: “excessive risk-taking will be punished not rewarded”
1208, PH: Cameron takes to the stage.
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