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Proceeding contribution from Viscount Bledisloe (Crossbench) in the House of Lords on Tuesday, 3 February 2009. It occurred during Debate on bill on Banking Bill.

Banking Bill

My Lords, is the Minister not rather overlooking the point that subsection (3) says: "““may make provision which has retrospective effect in so far as the Treasury consider it necessary””." In the circumstances that he has just outlined, the Treasury would consider it necessary. Somebody else might only think that it was desirable, but if the Treasury considers it necessary and bona fide so considers it, the Minister has his point. I do not see that he needs ““desirable”” at all.

Secondary information

Type
Proceeding contribution
Reference
707 c567 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Compensation Consumers Accountability Audit Assets Debts Bank services Banks Delegated legislation Advisory services Bank of England Finance Liability Financial institutions Insolvency Government assistance Financial Services Authority Holding companies Protection Payments Public interest Public sector Public expenditure Parliamentary scrutiny Loans Post offices Post Office Nationalisation Regulation Rural areas Treasury Financial Services Compensation Scheme National Loans Fund Financial Stability Committee Sunset clauses Retrospective legislation
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk