Banking Bill
10:30 am
John Pugh (Shadow Minister, Treasury; Southport, Liberal Democrat)
Some members of the Committee might be disappointed that the Liberal Democrats are not represented by the sage of Twickenham on this occasion. We will be led by my hon. Friend the Member for South-East Cornwall (Mr. Breed) who is unfortunately out of the country at the moment. He has appreciable experience of both retail and investment banking. We have no objection to or difficulty with the programme motion as this is an important and highly technical bit of legislation.
Many representations made by the banking industry and others recommend a holistic approach. People are concerned about what may be caught up in the code of practice or secondary legislation. I welcome the Minister’s assurances that as much as possible will be put before the Committee during its deliberations and as much inkling as possible will be given about the future secondary legislation that follows in its wake.