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 Tim Boswell Tim Boswell Conservative, Daventry 8:00 pm, 21st February 2008

I have not been a regular follower of this issue. Can the Minister explain to me how she can possibly justify saying that the bank is not performing a public function when the whole point of the state intervention that we are sanctioning tonight is—allegedly, and on her own account—to safeguard the stability of the banking system?