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Proceeding contribution from Lord Peston (Labour) in the House of Lords on Tuesday, 16 December 2008. It occurred during Debate on bill on Banking (No. 2) Bill [HL].

Banking (No. 2) Bill [HL]

My Lords, before getting down to the speech that I have prepared, perhaps I may remark on what my good friend the noble Lord, Lord Saatchi, has just said about the Bank of England remit. When the Bank of England Bill was going through your Lordships’ House, my noble friend Lord Barnett and I tabled an amendment precisely along the lines that the noble Lord, Lord Saatchi, wants to see. Essentially, the Bank of England Bill should have adopted what was in the Humphrey-Hawkins Act for the Fed, whose criteria were inflation and a high level of employment.

Secondary information

Type
Proceeding contribution
Reference
706 c776 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Compensation Codes of practice Consumers Assets Costs Banks Bank of England Capital Deposits Finance Investment Financial institutions Insolvency Insurance Financial Services Authority Financial markets Private sector Northern Ireland Protection Pensions Public sector Loans Pension funds Nationalisation Scotland Regulation Treasury Henry VIII clauses Financial Services Compensation Scheme National Loans Fund Northern Rock Bradford and Bingley Sunset clauses
Legislation
Banking (No. 2) Bill (HL) 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk