The noble Lord, Lord Eatwell, said something which I think is profoundly wrong, but I can understand why he said it. Will my noble friend the Minister make it absolutely clear that it is not the position of Her Majesty’s Government, and it is not the purpose of this Bill, to ensure that no ring-fenced bank will ever be allowed to fail? That is not the position; it must not be the position and I do not believe that it is the Government’s intention.
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Lawson of Blaby
(Conservative)
in the House of Lords on Tuesday, 15 October 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Financial Services (Banking Reform) Bill.
About this proceeding contribution
Reference
748 c385Session
2013-14Chamber / Committee
House of Lords chamberSubjects
Librarians' tools
Timestamp
2013-12-20 04:30:44 +0000
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