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Proceeding contribution from Lord Clarke of Nottingham (Conservative) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.


Banking Bill

I realise that the Minister is new to his portfolio, and I myself have been new to very difficult portfolios at difficult times so I am not certain that I will get a reply to my question. However, I asked about the arm's length arrangement for managing the Government's shareholding in the banks that are to be partially nationalised. What can be said to give some substance to the Government's assurances that there will not be a politicisation of lending policies and other things? Surely it must be possible for someone to let him and us know exactly how that is to be handled. There is a real fear that there will quite strong political input into the rationalisation of the banks, lending policies and so on. So far, that question has not been answered at all.


Secondary information

Type
Proceeding contribution
Reference
480 c761 
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