Proceeding contribution from Doug Henderson (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
I am grateful to my hon. Friend. It is not just in the north that they will make no progress; they will make no progress elsewhere, because people throughout the country will see what is going on. There is plenty of spin and the suggestion that the Conservatives are now a new party and all the rest of it, but when it comes to policy positions on things that affect people's lives, they do not make the tough decisions. We do not get much advice from the Conservative party these days. I move to the second question: the future of the business. The Chancellor said in his statement yesterday that a framework agreement would be published shortly, and that we would then know the parameters for the relationship between the Government and the new board of Northern Rock. That is very welcome, but of course it is not a business plan. It is a framework between the Government and the board. The business plan concerns what employs people, creates wealth and gives the business a future.
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c203-4
- 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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