Clause 170
Banking Bill
Public Bill Committees, 28 October 2008, 11:15 am
Brooks Newmark (Whip, Whips; Braintree, Conservative)
My hon. Friend is titillating me, because he is skirting around the key phrase in paragraph 381. I would underline the part about the possibility of the Bank of England “in some circumstances” stepping in. I am curious about that central question, which I ask through my hon. Friend. What does the Minister think such circumstances might be? What advice does he have? What situations is he thinking about?