The hon. Gentleman cites the technical note, but has not read the subsequent sentence, which clearly states:"““There remain high quality assets on Northern Rock's balance sheet, as well as Granite's.””"
It also states:"““It is a commercial decision for Northern Rock whether to provide new mortgage assets to the Granite financing vehicle or whether to allow the vehicle to run-off in an orderly way.””"
Banking (Special Provisions) Bill
Proceeding contribution from
Yvette Cooper
(Labour)
in the House of Commons on Thursday, 21 February 2008.
It occurred during Debate on bills on Banking (Special Provisions) Bill.
About this proceeding contribution
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472 c638Session
2007-08Chamber / Committee
House of Commons chamberSubjects
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2023-12-15 23:55:20 +0000
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