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Proceeding contribution from Lord Newby (Liberal Democrat) in the House of Lords on Tuesday, 20 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.


Banking Bill

The noble Viscount, Lord Eccles, seems to be saying that the Government should not have this provision but that they should have the rest of the Bill; that they would act in a way which was in breach of the law, but that would not matter very much because people would take the Government to court and to the extent that they had broken the law, they would have to pay compensation. That is a very bizarre way to proceed.


Secondary information

Type
Proceeding contribution
Reference
706 c1601 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Conditions of employment Contracts Compensation Codes of practice Company law Companies Directors Administration Assets Bank services Banks Delegated legislation Bank of England Finance Liability Financial institutions Insolvency Financial Services Authority Holding companies Foreign companies Private sector Pay Powers Workplace pensions Property transfer Public sector Partnerships Nationalisation Stocks and shares Taxation Treasury British Bankers' Association Financial Services Compensation Scheme National Loans Fund Statutory instruments Liquidation committees
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk