Proceeding contribution from Stuart Bell (Labour) in the House of Commons on Thursday, 21 February 2008. It occurred during Debate on bill on Banking (Special Provisions) Bill.
Banking (Special Provisions) Bill
A robust statutory framework is in place at European level to prevent the unfair distortion of competition through Government subsidies, and the Government support of Northern Rock will need to be fully consistent with those guidelines. That should be sufficient assurance for anyone in the City of London to understand that Northern Rock will not have a competitive advantage over other organisations in the banking sector.
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c644-5
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountability Audit Assets Banks Competition Building societies Bank of England Freedom of information Liability Government assistance Office of Fair Trading Nationalisation Northern Rock Granite
- Legislation
- Banking (Special Provisions) Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 23:55:33 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_447518
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