May we have an early debate, in Government time, on the losses of depositors in the Isle of Man banks? I realise that we had an Adjournment debate on the subject last week, but that is not sufficient. I myself do not call for Governments to compensate in the absence of fault, nor are Governments the guarantors of last resort; but the House must have an opportunity to explore whether or not the Government were at fault. There are issues of parity to be considered. Furthermore, the question arises of whether the Government should loan money to the compensatory authorities in the jurisdictions, to enable those jurisdictions to compensate to the extent of the schemes then in place.
Business of the House
Business question from
Viscount Hailsham
(Conservative)
in the House of Commons on Thursday, 13 November 2008.
It occurred during Business statement on Business of the House.
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2007-08Chamber / Committee
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