Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Tuesday, 11 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Dormant Bank and Building Society Accounts Bill [HL]
Will the Minister explain that? If the Government wanted to repay National Savings & Investments—and transferring money out of National Savings & Investments is like repaying it—one kind of debt would be swapped for another. The amount of debt on the balance sheet would stay exactly the same. What is all this about having to cut public expenditure? I do not understand. One just borrows some money to replace one set of debt with another set of debt.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c104-5GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Compensation Databases Codes of practice Charities Companies Assets Bank services Banks Building societies Fraud Finance Financial Services Authority Private sector Lotteries Public bodies Registration Regulation Repayments Shareholders Big Lottery Fund Commission on Unclaimed Assets
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 02:25:45 +0000
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