Proceeding contribution from Philip Dunne (Conservative) in the House of Commons on Monday, 31 March 2008. It occurred during Legislative debate on Banking (S.I., 2008, No. 432).
Banking (S.I., 2008, No. 432)
I readily agree that the overall book has increased substantially, which means that all categories of loan have increased. My point is that the risk of the book has increased significantly over the year—and this is the book that the Chancellor keeps telling us is of very high quality. The least-high-quality lending has risen by nearly £2.5 billion, and that is the part that is most at risk, not least given what is happening in our present housing-market environment.
Secondary information
- Type
- Proceeding contribution
- Reference
- 474 c596
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountancy Assets Banks Annual reports Government assistance Property transfer Mortgages Loans Redundancy Nationalisation Shares Repayments North East Business plans Northern Rock Granite
- Legislation
- Northern Rock plc Transfer Order 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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