Dormant Bank and Building Society Accounts Bill [Lords]
10:30 am
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
It is a pleasure to serve under your chairmanship, Mr. Benton, and that of your co-Chairman, Dr. McCrea.
As the Minister pointed out, there is widespread consensus on the Bill and its provisions. The Bill comes to us having been improved in the other place. From the amendments tabled, the Government clearly do not share that view. We have the time in our deliberations, I hope, to give proper airing to the Government’s arguments for those amendments. We shall have the opportunity to argue for further refinements to the Bill—to improve it, so that it has the support not just of those who are beneficiaries of the proceeds that will arise from the process, but of consumers and others who are interested in how dormant accounts are identified and reunited with their rightful owners.