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Proceeding contribution from John Butterfill (Conservative) in the House of Commons on Tuesday, 17 July 2007. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

The hon. Gentleman will also realise that the suggestion that a loan somehow reflects what happened in the Maxwell case is factually inaccurate. There was initially a Government loan, but nearly all the assets were subsequently recovered or squeezed out of the banks that had lent against them, so there was not a huge debt to be repaid at the end of the day.


Secondary information

Type
Proceeding contribution
Reference
463 c214 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Company liquidations Assets Bank services Annuities Insolvency Financial assistance scheme Personal savings Low incomes Pensions Personal pensions Pension funds Pension Protection Fund State retirement pensions
Legislation
Pensions Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk