Proceeding contribution from Lord Elystan-Morgan (Crossbench) in the House of Lords on Thursday, 21 February 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking (Special Provisions) Bill.
Banking (Special Provisions) Bill
There may be one, two or three good reasons why there should be the 12-month period, with the power of public acquisition during that period. Fundamentally, what is important is the question of hybridity. I assume in relation to the period of 12 months that the Government have received advice from their legal advisers that it is safe and copper-bottomed. What shorter period would be safe and copper-bottomed? That is where we go into the area of doubt. I do not know whether it is possible to have a definitive decision on this matter. Am I right in thinking that, in fact, the Speaker of the House of Commons certifies hybridity, in the same way as he certifies a money Bill? Has he given any indication of his attitude to a month? If a month is either impossible or dangerous, then most certainly this House should not contemplate any amendment along those lines.
Secondary information
- Type
- Proceeding contribution
- Reference
- 699 c283
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Audit Administration Corporation tax Banks Competition Building societies Freedom of information Liability EU law Government assistance Financial Services Authority Powers Property transfer Mortgages Loans Staff Office of Fair Trading Nationalisation Lloyds TSB Shares Reform Taxation Shareholders Takeovers Treasury Hybrid bills Business plans Northern Rock Granite
- Legislation
- Banking (Special Provisions) Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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