Parliamentary Search

Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Monday, 2 February 2009. It occurred during Debate on bill on Banking Bill.

Banking Bill

My Lords, I am sure that Parliament would find a way, but it would have to search for it. Northern Rock is a very interesting example, because there has been a change of tack and a diversion into additional mortgage lending for reasons that may not be related to the preparation for its exit strategy into the private sector. I shall not press the amendment further, because who determines whether temporary public ownership is temporary will almost certainly not be the current Government; it will be overseen by another Government. On that, I rest many hopes. For that reason, I can with some comfort withdraw the amendment. I beg leave to withdraw it. Amendment 18 withdrawn.

Secondary information

Type
Proceeding contribution
Reference
707 c523 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Compensation Codes of practice Consumers Accountability Directors Assets Bank services Banks Competition Delegated legislation Advisory services Building societies Bank of England Finance Human rights EU law Financial institutions Insolvency Government assistance Financial Services Authority Private sector Protection Pay Public appointments Pensions Public interest Property transfer Mergers Parliamentary scrutiny Pension funds Pension rights Nationalisation Regulation Shares Valuation Taxation Shareholders Treasury UK Financial Investments Financial Services Compensation Scheme Northern Rock Bradford and Bingley Hampton, Philip
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk