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Proceeding contribution from Lord Forsyth of Drumlean (Conservative) 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

Perhaps I should make it clear, as I did last night, that I have every sympathy with the Minister. In making the following remarks, I mean nothing against him personally. The Government are in a pretty shoddy position. We have asked for information—I have asked him repeatedly to confirm the position in respect of Lloyds TSB, and he has refused point blank to answer; and I have asked him to provide information about the reports and advice that were given to Ministers by Goldman Sachs and other investment banks, but he refused to do so. In those circumstances, this amendment is of absolute importance. One is left wondering why on earth, uniquely, Northern Rock would want to be in a position—as the noble Lord indicated, this may already apply to the Post Office, and I think that I am right in saying that it also applies to the National Savings Bank—


Secondary information

Type
Proceeding contribution
Reference
699 c317-8 
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