Proceeding contribution from Lord Redwood (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)
Perhaps my hon. Friend will remind Labour Members that there are a good many unsecured loans as well. People were being lent 125 per cent. or so of the value of the houses involved, including the top-up unsecured loans, and I believe that the 2007 accounts show particularly large increases in provision against those unsecured loans.
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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