Clause 6 — Transfer of property, rights and liabilities

Part of Delegated Legislation – in the House of Commons at 7:45 pm on 21st February 2008.

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Photo of Chris Mullin Chris Mullin Labour, Sunderland South 7:45 pm, 21st February 2008

I have not yet changed my understanding about Granite, and I put it to my right hon. Friend that at some stage a clear explanation will be needed of the company and its accounting arrangements, and the allegation that it will apparently be allowed to go on sucking assets from Northern Rock even after it is nationalised. That will have to be explained at some point—[Hon. Members: "Now."] I hope that my right hon. Friend will do so at some point this evening.