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Debate on bill on Friday, 6 March 2009, in the House of Commons, led by David Mundell. The answering member was Angela Eagle.

Scottish Banknotes (Acceptability in United Kingdom) Bill

Scottish Banknotes (Acceptability in United Kingdom) Bill. Second reading debate. Debate adjourned. To be resumed on 13 March 2009.

Secondary information

Type
Parliamentary proceeding
Reference
488 c1150-76 
Session
2008-09
Department
Treasury
Legislative stage
Second reading
Chamber / Committee
House of Commons chamber
Related items
Scottish Banknotes (Acceptability in United Kingdom) Bill.
Wednesday, 21 January 2009
Bills
House of Commons
Proceeding contributions
Angela Eagle | 488 c1176 (Link to this contribution) It is really important to recognise that a great deal can be done to achieve the hon. Gentleman's ai...
Show all contributions (71)
Angela Eagle | 488 c1176 (Link to this contribution) Let me just finish this point about the technical standards board, because it is really important th...
Angela Eagle | 488 c1172-5 (Link to this contribution) I always like to respond to questions that are put to me in the House, but I hear your comments, Mr....
Speaker | 488 c1172 (Link to this contribution) Order. The hon. Gentleman knows full well that that is not the subject of the debate. I do not encou...
Mark Pritchard | 488 c1172 (Link to this contribution) The Exchequer Secretary mentions embarrassment. Given that, even as we sit here, the largest number ...
Mark Pritchard | 488 c1169 (Link to this contribution) Well, the euro is doing pretty well, isn't it? Perhaps that remark should be followed by an exclamat...
David Mundell | 488 c1168-9 (Link to this contribution) My hon. Friend might be interested to note that although the First Minister of Scotland says that he...
Angela Eagle | 488 c1171-2 (Link to this contribution) We have had a fascinating debate about a vibrant and lively part of our monetary culture, of which w...
Greg Hands | 488 c1169-71 (Link to this contribution) I congratulate my hon. Friend the Member for Dumfriesshire, Clydesdale and Tweeddale (David Mundell)...
David Mundell | 488 c1167 (Link to this contribution) Indeed. The point that the hon. Gentleman makes is to some extent valid. I sought to keep the Bill a...
David Heath | 488 c1167 (Link to this contribution) As the hon. Gentleman correctly says, it reflects what already happens with the euro coinage—not the...
Mark Pritchard | 488 c1168 (Link to this contribution) I shall be brief, as we want to hear from the Front Benches and give my hon. Friend the Member for D...
David Heath | 488 c1167-8 (Link to this contribution) It is indeed a complicated area. The hon. Gentleman has made a valid point that must be of interest ...
Andrew Mackinlay | 488 c1167 (Link to this contribution) Yes, it should have a common side, like the euro.
David Heath | 488 c1166-7 (Link to this contribution) I am grateful to the hon. Lady. To return to the point I was making, when people are familiar with t...
David Mundell | 488 c1165 (Link to this contribution) I understand why a commission would be charged for changing one currency into another, but this is t...
David Heath | 488 c1164-5 (Link to this contribution) I am grateful for that intervention, and that is a reasonable excuse. I say that because none of my ...
David Mundell | 488 c1164 (Link to this contribution) May I advise the hon. Gentleman that, although it is not an event that I would wish to attend, the S...
David Heath | 488 c1165-6 (Link to this contribution) The hon. Gentleman makes a sound argument, which he should put to Travelex. The question is whether ...
Greg Hands | 488 c1165 (Link to this contribution) I hate to labour the point, but surely there is a difference. Travelex charges a commission on forei...
David Heath | 488 c1165 (Link to this contribution) I am glad that those retailers change the notes, and I do not want to be misinterpreted on this poin...
David Mundell | 488 c1165 (Link to this contribution) Is the hon. Gentleman suggesting that some form of commission or levy should be deducted when people...
David Heath | 488 c1163-4 (Link to this contribution) It is a pleasure to follow the hon. Member for Thurrock (Andrew Mackinlay). His suggestion at the en...
Angela Eagle | 488 c1166 (Link to this contribution) The hon. Gentleman has made a perfectly understandable point about confusion and the proliferation o...
David Heath | 488 c1159 (Link to this contribution) Is the hon. Gentleman suggesting that in my constituency in deepest Somerset, where I have to say we...
David Mundell | 488 c1159 (Link to this contribution) I would say that a reasonable suspicion would be that the note failed the pen test I mentioned earli...
Andrew Mackinlay | 488 c1160 (Link to this contribution) You saw me jump up like a sprung coil, Mr. Deputy Speaker. That is because I feel so strongly about ...
David Mundell | 488 c1159-60 (Link to this contribution) Indeed not, but I am sure that Scottish tourists would be encouraged to visit the hon. Gentleman's c...
Andrew Mackinlay | 488 c1161 (Link to this contribution) I want to complete this tale, because it is rather important. My grandmother faced the indignity of...
Andrew Mackinlay | 488 c1161-3 (Link to this contribution) One of the things that I learnt from my grandmother was always to probe and question. Another was th...
Angela Eagle | 488 c1161 (Link to this contribution) I thank my hon. Friend. I wonder whether he will tell us which of the genes of that redoubtable woma...
Andrew Mackinlay | 488 c1163 (Link to this contribution) An Eagle—or it could be a Mundell, or a Mundell-Mackinlay, note. However, it is certainly time that...
Christopher Chope | 488 c1157 (Link to this contribution) My hon. Friend is making a fascinating speech. What is his estimate of the number of Bank of England...
David Mundell | 488 c1157-8 (Link to this contribution) I am afraid that I am not in a position to give my hon. Friend that information, although the Minist...
Mark Pritchard | 488 c1156 (Link to this contribution) Does my hon. Friend agree that that represents a double whammy? Not only is that bad for business in...
David Mundell | 488 c1156-7 (Link to this contribution) It is indeed a Scottish name, and that may have led the gentleman in question to believe that he wou...
Andrew Mackinlay | 488 c1156 (Link to this contribution) I am sorry, I was not trying to intervene—I was just moving.
David Mundell | 488 c1156 (Link to this contribution) I thank the hon. Gentleman for his physical gesture of support. Hon. Members tell me that they have...
David Mundell | 488 c1155-6 (Link to this contribution) My hon. Friend is right that no cause should be given to any tradesmen or business to feel that they...
Angela Eagle | 488 c1159 (Link to this contribution) Will the hon. Gentleman explain—this seems a reasonable juncture to explore it further—what he means...
David Mundell | 488 c1158-9 (Link to this contribution) On this occasion, I am in complete agreement with the Minister. "Legal tender" is a phrase that is o...
Angela Eagle | 488 c1158 (Link to this contribution) The hon. Gentleman has quite rightly taken the House through the narrow definition of legal tender, ...
David Mundell | 488 c1153-4 (Link to this contribution) What an interesting proposition. As far as I am aware—I stand to be corrected—there is no limit on w...
David Mundell | 488 c1154-5 (Link to this contribution) I am not aware of any requirement that an individual appearing on a banknote should be dead or out o...
Christopher Chope | 488 c1155 (Link to this contribution) Is there any restriction on the number or value of banknotes that the Scottish banks can issue?
David Mundell | 488 c1152-3 (Link to this contribution) I am coming to an interesting resumé of the meaning of "legal tender" and why that does not strike a...
Christopher Chope | 488 c1153 (Link to this contribution) Does my hon. Friend think that there would be any scope for the Royal Bank of Scotland, now that it ...
Angela Eagle | 488 c1155 (Link to this contribution) I will not go down that route given your earlier ruling, Mr. Deputy Speaker, but I can confirm that ...
David Mundell | 488 c1155 (Link to this contribution) I can advise my hon. Friend that, as far as I am aware, £3 billion of Scottish banknotes are current...
Ben Wallace | 488 c1155 (Link to this contribution) Does my hon. Friend agree that the Bill will be especially welcome in the north of England, where I ...
David Mundell | 488 c1155 (Link to this contribution) When I last spoke to the Exchequer Secretary, she asked me whether there had been any quantitative a...
David Mundell | 488 c1151 (Link to this contribution) Thank you, Mr. Deputy Speaker. I am sure the Scottish banks will be happy to play their part in qua...
Angela Eagle | 488 c1151 (Link to this contribution) I thank the hon. Gentleman for giving way and, when the time comes, I will congratulate him on getti...
Nigel Evans | 488 c1151 (Link to this contribution) In my constituency in the Ribble Valley I have noticed complaints from retailers about the number of...
David Mundell | 488 c1151 (Link to this contribution) I note my hon. Friend's concern. In the course of my speech I will deal in detail with the issues th...
David Mundell | 488 c1152 (Link to this contribution) That is an interesting proposition, but I am conscious of your earlier comments, Mr. Deputy Speaker....
Christopher Chope | 488 c1152 (Link to this contribution) My hon. Friend's Bill discusses the acceptability of Scottish banknotes throughout the United Kingdo...
David Mundell | 488 c1152 (Link to this contribution) I thank the hon. Gentleman for his intervention. I will give a short potted history of the Scottish ...
David Heath | 488 c1151 (Link to this contribution) Can the hon. Gentleman help me with a bit of history? I am very proud of the different histories of ...
Christopher Chope | 488 c1152 (Link to this contribution) Will my hon. Friend explain why his Bill does not go as far as to say that Scottish banknotes should...
David Mundell | 488 c1150 (Link to this contribution) I beg to move, That the Bill be now read a Second time. May I say at the outset that I am grateful ...
Speaker | 488 c1151 (Link to this contribution) Order. Before the hon. Member for Dumfriesshire, Clydesdale and Tweeddale (David Mundell) answers th...
Lord Boswell of Aynho | 488 c1150-1 (Link to this contribution) I am listening to my hon. Friend's argument with a great deal of sympathy. He will be aware that the...
David Mundell | 488 c1151 (Link to this contribution) I note what the Minister says, but I am sure she will accept that the point applies equally to Bank ...
David Mundell | 488 c1176 (Link to this contribution) On a point of order, Mr. Deputy Speaker. It appears that the Minister will not accept my interventio...
David Heath | 488 c1165 (Link to this contribution) I am surprised to hear that, because as I said, the company is not a clearing bank and it has no res...
Mark Pritchard | 488 c1154 (Link to this contribution) On the question of Scottish culture and Scotsmen, does my hon. Friend agree that one innovation that...
Subjects
Banks Cultural heritage Bank notes Equality Forgery Payments Money Scotland Standards Retail trade
Legislation
Scottish Banknotes (Acceptability in United Kingdom) Bill 2008-09
Link
View this Parliamentary proceeding on www.publications.parliament.uk