Proceeding contribution from Michael Fallon (Conservative) in the House of Commons on Monday, 18 February 2008. It occurred during Ministerial statement on Northern Rock.
Northern Rock
Will the Chancellor confirm that clause 11 of his Bill will enable the Bank of England to offer financial assistance to any building society that might be in trouble? Is not the real signal from the nationalisation that he has announced today that from now on, any bank or building society that gets into trouble through its own incompetence can expect to be bailed out by the taxpayer?
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c30
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Banks Public appointments Public sector Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 01:28:06 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_445184
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