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Amendments to Law (Resolution of Dunfermline Building Society) Order 2009

My Lords, in his opening remarks, the Minister referred to the report of your Lordships’ Select Committee on the Constitution on what is now the Banking Act, particularly on its Section 75. At the time of the debates that were held then, nobody quite had in mind the circumstances that have arisen in the case of the Dunfermline Building Society. The Minister has, with his usual assiduity and expertise, kindly engaged me in correspondence since the report was published; that will form the basis of our supplementary report, to be issued shortly. The only question arising tonight is: would he confirm that he believes the actions of the Government in respect of the Dunfermline Building Society to be consistent with the undertakings given by him, and by the Chancellor of the Exchequer and others, about the use of retrospective powers?