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Proceeding contribution from Lord Bellingham (Conservative) in the House of Commons on Thursday, 9 October 2008. It occurred during Topical debate on TOPICAL DEBATES Financial Stability.


TOPICAL DEBATES Financial Stability

The Minister will be aware that Norfolk county council is among a number of local authorities with money on deposit with subsidiaries of Icelandic banks. It seems to many of us that, in the circumstances post-Northern Rock, that was not the wisest thing to have done. Did the Treasury give any specific instructions or advice to those local authorities?


Secondary information

Type
Proceeding contribution
Reference
480 c425 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Assets Debts Bank services Banks Credit Bank of England Borrowing Investment Financial institutions Financial Services Authority Financial markets Local government Public expenditure Mortgages Loans Lloyds TSB Housing market HBOS Government guaranteed credit Royal Bank of Scotland Abbey National ING Bank Landsbanki Bradford and Bingley Heritable Bank
Legislation
Anti-terrorism, Crime and Security Act 2001
Link
View this Proceeding contribution on www.publications.parliament.uk