Perhaps my hon. Friend will remind Labour Members that there are a good many unsecured loans as well. People were being lent 125 per cent. or so of the value of the houses involved, including the top-up unsecured loans, and I believe that the 2007 accounts show particularly large increases in provision against those unsecured loans.
Banking (S.I., 2008, No. 432)
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Monday, 31 March 2008.
It occurred during Legislative debate on Banking (S.I., 2008, No. 432).
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2007-08Chamber / Committee
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