Proceeding contribution from Lord Forsyth of Drumlean (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, I am not clear what the noble Lord is saying. On the one hand he is saying that the bank should operate at arm’s length on a commercial basis but not compete too hard. On the other hand he is saying that the Government should direct the levels of interest for deposit placers and the rest. Which is it? The noble Lord, Lord Newby, and his party are going to vote for the Bill. Surely we should have clarity about the kind of Northern Rock that the noble Lord sees operating as a nationalised concern and about the business plan.
Secondary information
- Type
- Proceeding contribution
- Reference
- 699 c203
- 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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- 2023-12-15 22:54:44 +0000
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