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Proceeding contribution from Lord Mayhew of Twysden (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

Before the Minister does sit down, may I make a request that does not stem from the degree of learning that we have just heard from the noble Lord, Lord Goodhart? The Minister has insisted that the purpose of these powers is limited to some unforeseen although not perhaps unforeseeable emergency during the lifetime of the Bill within the sunset clause. The request that I am about to make comes from the decision that the Law Lords can have regard to what has happened in Parliament when determining the proper purpose of the Bill. In the light of that, is he prepared to give an express undertaking on behalf of the Government that these powers will not be used, save in the circumstances that he has envisaged time and again today and yesterday? He may not be able to give that express undertaking at the moment, but will he secure it at some later stage of the Bill?


Secondary information

Type
Proceeding contribution
Reference
699 c344 
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