What is being honoured is the debt which the state owed. The transfer of significant resources to the reclaim fund would see a substantial amount of resource which presently funds a small part of the national debt or is used for public expenditure directed into other objectives. Of course, that is a loss.
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 c106GC
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:32:23 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_428649
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