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Proceeding contribution from Lord Newby (Liberal Democrat) in the House of Lords on Wednesday, 19 November 2008. It occurred during Debate on bill on Dormant Bank and Building Society Accounts Bill [HL].


Dormant Bank and Building Society Accounts Bill [HL]

My Lords, I am grateful to the Minister for his assurance about the publication of directions on the Big website. As he reminded the House, my concern was that the original thought was that directions would be reported only in an annual report, which might mean in reality that you would not know until 15 months after the directions had been issued, which seemed to me inappropriate. Given the subject matter covered by the Bill, these are intensely political areas. Therefore, it is very important that people should have the ability to know that directions have been given that change the balance of funding and of priorities that Big is expected to follow in respect of these moneys from the reclaim fund. I welcome the Minister’s reassurance and will not be opposing the amendments.


Secondary information

Type
Proceeding contribution
Reference
705 c1181 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Death Assets Bank services Banks Building societies Finance Insurance companies Financial institutions Mergers Small businesses Youth services Big Lottery Fund
Legislation
Dormant Bank and Building Society Accounts Bill (HL) 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk