If the Government have borrowed the money from these people, they owe it to them. The fact that the Government pay those people back merely means that if the Government want to borrow elsewhere, they have to do so. Whatever happens, they still owe the money to the depositors.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Higgins
(Conservative)
in the House of Lords on Tuesday, 11 December 2007.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c105GC
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:32:23 +0000
URI
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