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Proceeding contribution from Lord Oakeshott of Seagrove Bay (Liberal Democrat) in the House of Lords on Tuesday, 13 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.

Banking Bill

The noble Baroness makes a good point. She gave the example of utility bills being paid. When we think about what has been happening and the problems of the banks effectively in many cases cutting off supplies to business—I think that is a fair way to put it—I think the parallel is apposite. It is as if businesses were having their gas, water or electricity supply cut off without, in many cases, being able to go to an alternative supplier. Continuity of service is a very important point and I strongly support the amendment.

Secondary information

Type
Proceeding contribution
Reference
706 c1150 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Codes of practice Accountability Administration Assets Bank services Banks Credit unions Building societies Bank of England Deposits Financial institutions Insolvency Legislation Government assistance Financial Services Authority Financial markets Foreign companies Protection Public sector Public expenditure Nationalisation Terrorism Regulation Shareholders Treasury Financial Services Compensation Scheme Northern Rock Freezing of assets
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk