Clause 170
Banking Bill
11:15 am
Brooks Newmark (Whip, Whips; Braintree, Conservative)
It was not the issue of nationalisation that crossed my mind. However, the explanatory notes say that
“in some circumstances, the Bank of England could step in”.
I assume that the Minister does not think that “could step in” means nationalisation; it just means to enforce some regulation, which we are trying to impose through the Bill. Or am I incorrect, and my hon. Friend correct—that it is nationalisation or nothing?