Perhaps I should make it clear, as I did last night, that I have every sympathy with the Minister. In making the following remarks, I mean nothing against him personally. The Government are in a pretty shoddy position. We have asked for information—I have asked him repeatedly to confirm the position in respect of Lloyds TSB, and he has refused point blank to answer; and I have asked him to provide information about the reports and advice that were given to Ministers by Goldman Sachs and other investment banks, but he refused to do so. In those circumstances, this amendment is of absolute importance. One is left wondering why on earth, uniquely, Northern Rock would want to be in a position—as the noble Lord indicated, this may already apply to the Post Office, and I think that I am right in saying that it also applies to the National Savings Bank—
Banking (Special Provisions) Bill
Proceeding contribution from
Lord Forsyth of Drumlean
(Conservative)
in the House of Lords on Thursday, 21 February 2008.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Banking (Special Provisions) Bill.
About this proceeding contribution
Reference
699 c317-8 Session
2007-08Chamber / Committee
House of Lords chamberSubjects
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