Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Wednesday, 20 February 2008. It occurred during Debate on bill on Banking (Special Provisions) Bill.
Banking (Special Provisions) Bill
My Lords, the noble Lord said at the beginning of his remarks on Granite that its sole purpose was to raise money for Northern Rock. Is it true that it was in fact set up as a charitable trust that was supposed to help disabled children? That is alleged, and I know not whether it is true. Perhaps the noble Lord could confirm that. Secondly, is it true that the audited accounts of Northern Rock included the Granite assets?
Secondary information
- Type
- Proceeding contribution
- Reference
- 699 c192
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Accountability Administration Assets Banks Competition Building societies Bank of England Freedom of information Liability Government assistance Financial Services Authority Public bodies Mortgages Loans Staff Nationalisation Lloyds TSB Shares Shareholders Takeovers Northern Rock Granite Sunset clauses
- Legislation
- Banking (Special Provisions) Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 23:17:04 +0000
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