Proceeding contribution from Lord Beamish (Labour) in the House of Commons on Tuesday, 19 February 2008. It occurred during Debate on bill and Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
Banking (Special Provisions) Bill
My right hon. Friend will be aware that many of the small shareholders are former employees of Northern Rock who saved in the company savings plan at their retirement. If the Government had not interceded last September, is it not the case that those shareholders would have got nothing, and that they would likewise have got nothing if we had followed the barmy suggesting of putting the bank into administration?
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c179
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Accountability Audit Banks Competition Building societies Bank of England Liability EU law Government assistance Financial Services Authority Economic situation Property transfer Mortgages Loans Staff Office of Fair Trading Nationalisation Regulation Stocks and shares Shareholders Takeovers Treasury Virgin Group Business plans 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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- 2023-12-16 02:05:35 +0000
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