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Proceeding contribution from Lord Newby (Liberal Democrat) in the House of Lords on Monday, 26 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.


Banking Bill

The noble Baroness raises a very important point, although I am not sure that monthly accounting is absolutely the right way forward. However, I believe that the Treasury Select Committee in another place has asked the Government to produce timely information and to consolidate information about the financial consequences of all the various packages and initiatives that we have had over the past six months. I think that that would be to the benefit of Parliament, and no doubt to the benefit of the Government, if they were able to do so. Can the Minister tell us what the Government plan to do in response to that request and whether, in view of the exceptional circumstances in which we now find ourselves, the normal, rather staid principles of parliamentary accounting can be supplemented by additional, more periodic, statements, even if they do not go quite as far as the noble Baroness wishes?


Secondary information

Type
Proceeding contribution
Reference
707 c69-70 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Compensation Codes of practice Audit Assets Debts Bank services Banks Delegated legislation Bank of England Bank notes Deposits Credit rating Housing Finance Fees and charges Liability EU law Investment Financial institutions Insolvency European communities Government assistance Financial Services Authority Financial markets Foreign companies Private sector Membership Public expenditure Property Parliamentary scrutiny Loans Post offices Monetary policy Statistics Regulation Stocks and shares Valuation Treasury Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Stability Committee Sunset clauses
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk