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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Tuesday, 11 March 2008. It occurred during Debates on delegated legislation on Northern Rock plc Compensation Scheme Order 2008.


Northern Rock plc Compensation Scheme Order 2008

My Lords, during the passage of the Bill, the Minister used the words ““as rapidly as possible”” in relation to the framework agreement. Indeed, he implied that it might even be available before the Bill completed its passage through the House and then retracted from that. I do not understand why he is now using the time-honoured formula ““as soon as possible””, which usually means some distance into the future. What is so difficult about publishing the framework agreement, which governs the relationships between government, shareholder, lender and Northern Rock? What is the problem with that? We will come back to the business plan as a separate matter but let us just deal with the framework agreement.


Secondary information

Type
Proceeding contribution
Reference
699 c1483 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Compensation Banks Government assistance Nationalisation Shares Shareholders Goldman Sachs Northern Rock Granite Northern Rock Foundation
Legislation
Northern Rock plc Compensation Scheme Order 2008
Link
View this Proceeding contribution on www.publications.parliament.uk