Interest Rate Swap Products
Business of the House
Chris Heaton-Harris (Daventry, Conservative)
I did not know that, and I thank my hon. Friend for raising it.
Lloyds bank has denied any wrongdoing whatever, claiming that the margin reduction was not necessary for the duration of the swap, and it hides behind the small print that says, as we heard earlier, that any advice given was not, in fact, “advice”.