Skip to main content

Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Tuesday, 3 February 2009. It occurred during Debate on bill on Banking Bill.


Banking Bill

No, my Lords, but the order will be ““in new terms””, as I have expressed from the Dispatch Box in response to the point that exercised the noble Lord, Lord Newby. The issue is that we are not laying the same order. Any Government would be obliged to lay a new order ““in new terms””. I do not think that it is realistic to ask us to be prescriptive about what that new order could look like, because we are dealing with circumstances that we cannot readily foresee, except in terms of their urgency and seriousness. We do not need to include ““material””. The concept of ““in new terms”” means that the order must be different from the previous one. That is why I am able to disavow the notion that the order would just contain a minor change.


Secondary information

Type
Proceeding contribution
Reference
707 c577 
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