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Proceeding contribution from Lord Davies of Oldham (Labour) 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

One of the reasons I stand at the Dispatch Box is that I am not an accountant. I am not going into waters such as these with the noble Lord when I know his expertise. I merely reiterate the obvious fact that the Government have made it clear that Granite and Granite’s assets are not part of this process with regard to law. It is separate from Northern Rock and there has been no transfer of assets since September 2007. The Government are considering Northern Rock and its assets, and they are sound.


Secondary information

Type
Proceeding contribution
Reference
699 c309 
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