Will the Leader of the House ensure that the Chancellor of the Exchequer comes to the House next week to make a statement on the behaviour of the nationalised bank, Northern Rock? This would give many Members an opportunity to query why the bank has passed on only one tenth of the reduction in interest rates to its savers, and why some of my constituents have been told by Northern Rock that, when their fixed mortgages come to an end, those mortgages will not continue, because that is what the Government have told the bank to do. That is unacceptable behaviour at a very difficult time. As Northern Rock has been nationalised, it is now the responsibility of the Chancellor of the Exchequer, and he should answer these questions.
Business of the House
Business question from
Andrew MacKay
(Conservative)
in the House of Commons on Thursday, 16 October 2008.
It occurred during Business statement on Business of the House.
Type
Proceeding contribution
Reference
480 c929 
Session
2007-08
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2023-12-16 02:23:25 +0000
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