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Proceeding contribution from Lord Davies of Oldham (Labour) 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, all of those facts will be clear to the European Commission. It is also the case that our own competitive authorities have a direct interest in this matter, and I want to assure the House that the Government will not approve a business plan from Northern Rock—and nor will one be submitted—unless it meets the obvious constraints that I have outlined, with Northern Rock not taking advantage of a privileged competitive position. In addition, I want to emphasise—


Secondary information

Type
Proceeding contribution
Reference
699 c194-5 
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