I will come to compensation shortly, but first I will conclude my point about how the Bill is structured. If it had been possible to have fewer than 17 clauses, there are many reasons why the Government might have tried to ensure that, but it is necessary for the Bill to contain powers not just to acquire Northern Rock but to run it and then transfer it back into the private sector.
On the question of compensation—
Banking (Special Provisions) Bill
Proceeding contribution from
Lord Darling of Roulanish
(Labour)
in the House of Commons on Tuesday, 19 February 2008.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
About this proceeding contribution
Reference
472 c177Session
2007-08Chamber / Committee
House of Commons chamberSubjects
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