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
It may be all that the Minister wants to say, but it does not answer the question. It is wrong to say that such mortgages are common in the market when everyone else has withdrawn them. It is not an issue of how Northern Rock got into trouble; it is an issue of how Northern Rock behaves when it is receiving a subsidy from the taxpayer that is anti-competitive and unfair for its rivals in the marketplace. That is the issue.
Secondary information
- Type
- Proceeding contribution
- Reference
- 699 c329
- 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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- 2023-12-15 23:47:09 +0000
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