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Proceeding contribution from Lord Higgins (Conservative) 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

I shall intervene for a moment, because I am not entirely happy with the noble Lord’s answer. On the front page of the Bill, he states: "““In my view the provisions of the Banking Bill are compatible with the Convention rights””—" that is, the rights under the human rights convention. Accordingly, Clause 4(8) states that one of the objectives is, "““to avoid interfering with property rights in contravention of a Convention right””." Clause 4(9) states that the objectives ““are to be balanced””. I cannot quite see how you would balance something which, in terms of the noble Lord’s provision at the front of the Bill, appears to be absolute.


Secondary information

Type
Proceeding contribution
Reference
706 c1155-6 
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