Proceeding contribution from Ian Mearns (Labour) in the House of Commons on Thursday, 16 June 2011. It occurred during Ministerial statement on Regulatory and Banking Reform.
Regulatory and Banking Reform
I listened with care to the Minister's statement, but he has not mentioned the Northern Rock Foundation, which has disbursed millions to deserving causes in the north-east over several years. That disbursement is about 1% of profits, yet Treasury officials told a reporter from Newcastle's Evening Chronicle this morning that the retention of the Northern Rock Foundation will not be a condition of sale. How will the big society survive in a region such as the north-east, let along thrive, without such a guarantee?
Secondary information
- Type
- Proceeding contribution
- Reference
- 529 c965
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Banks Conduct Competition Bank of England Finance Insurance companies Financial services Insolvency International cooperation Financial Services Authority Financial markets Government shareholding Private sector Privatisation Protection Standards Sales Regulation Reform Treasury Financial Services Compensation Scheme Northern Rock plc Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Independent Commission on Banking Southsea Mortgage and Investment Company
- Legislation
- Draft Financial Services Bill
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 16:41:05 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_749713
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_749713
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_749713