I am not in a position completely to answer the questions asked by my noble friend Lord Christopher, except to point out that the objective of National Savings, which of course is run extremely prudently, is rather different from that of Northern Rock. The objective of National Savings is to raise government funding, which will certainly not be the purpose of Northern Rock.
Banking (Special Provisions) Bill
Proceeding contribution from
Lord Bach
(Labour)
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 c331Session
2007-08Chamber / Committee
House of Lords chamberSubjects
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2023-12-15 23:47:10 +0000
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