Clause 6 — Transfer of property, rights and liabilities

Part of Delegated Legislation – in the House of Commons at 8:00 pm on 21st February 2008.

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Photo of Yvette Cooper Yvette Cooper The Chief Secretary to the Treasury 8:00 pm, 21st February 2008

I appreciate that Opposition Members do not want to hear the points that we are making; they simply want to play games with what we should all recognise is an extremely serious issue concerning the future stability of the banking system and the future of Northern Rock.

In addition to the full, audited annual accounts and the annual report, other information about Northern Rock will be provided. In addition, we have said that we will shortly publish the framework document, which will set out the appropriate operating arrangements between Northern Rock and the Government. We will also—