Proceeding contribution from Lord Maples (Conservative) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
The right hon. Gentleman makes a fair point. The only point that I am making is that if in future the taxpayer or all of us collectively through a deposit insurance scheme are to pick up the costs, people cannot be left free of the consequences of choosing the more risky investment. Whether it is triple A or double A, most would recognise that depositing money with Lloyds bank—at least I hope so in my case—is a slightly safer bet than depositing it with Icesave. Perhaps I am about to get a rude shock.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c737
- 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 HBOS 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
Librarians' tools
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- 2023-12-16 01:49:10 +0000
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