Of course they do when money is successfully identified as being owed to the borrowers, but the intention behind the scheme is that the totality of the resources in the reclaim fund from accounts that are regarded as dormant is transferred to other objectives. At present, those resources are used for public expenditure.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Davies of Oldham
(Labour)
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 02:37:07 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_428645
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