UK Parliament / Open data

Banking (Special Provisions) Bill

The Chancellor has laid great stress on the fact that the circumstances have to be exceptional to satisfy the tests set out in clause 2. Can he confirm, however, that in clause 11 the Bill gives him the power to grant financial assistance to building societies independently of the exceptional circumstances on which he has just laid such stress?
Type
Proceeding contribution
Reference
472 c176 
Session
2007-08
Chamber / Committee
House of Commons chamber
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