I shall not give way; I have done so fairly generously.
I hope that I have outlined to the House the way in which the Bill is structured. I readily recognise that no matter what I or anyone else might say, the Conservative party is against this proposal. I am not entirely sure, and I do not think many people outside the House are, about what exactly its proposal is. Its whole approach throughout this whole affair has been muddled, confused, opportunistic and without any solution whatever.
We are proposing a course of action that will maintain financial stability. It will support the savers and give a chance for the company to be refocused and restructured. However, above all it is a proposal that supports the interests of the taxpayer, which must be first and foremost. I commend the Bill to the House.
Banking (Special Provisions) Bill
Proceeding contribution from
Lord Darling of Roulanish
(Labour)
in the House of Commons on Tuesday, 19 February 2008.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
Type
Proceeding contribution
Reference
472 c180 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 22:56:37 +0000
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