Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
The hon. Gentleman said the statement was not needed and there was not panic, but people were moving money all over the place. They were putting money into Irish banks after the Irish gave a whole deposit guarantee. I cannot believe he is suggesting that it was not necessary. My view is that had the Government given such a deposit guarantee earlier, there might not have been as large a devaluation of the banks as there has been over the past two weeks.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c718
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Accountability Bank services Banks Building societies Bank of England Bank notes Finance Financial institutions Insolvency Government assistance Economic situation Equitable Life Assurance Society Protection Mergers Nationalisation Lloyds TSB Monetary Policy Committee Scotland Regulation Halifax Bank of Scotland Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Services Commission Bradford and Bingley
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 02:16:43 +0000
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