Clause 6 — Transfer of property, rights and liabilities

Part of Delegated Legislation – in the House of Commons at 8:30 pm on 21st February 2008.

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Photo of Anne McIntosh Anne McIntosh Shadow Minister (Environment, Food and Rural Affairs) 8:30 pm, 21st February 2008

Perhaps I should draw the House's attention to my diminishing interest in Northern Rock as a former shareholder. Will the hon. Gentleman answer one question? He is much better versed in the procedures of this House than many Members. Why on this occasion does he choose to rule out the use of a hybrid instrument, which I think would be particularly appropriate to apply?