Draft Legislative Programme

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:31 pm on 14th May 2008.

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Photo of Gordon Brown Gordon Brown The Prime Minister, Leader of the Labour Party 12:31 pm, 14th May 2008

I shall certainly look at what my hon. Friend says and pass his comments on to the Chancellor. The purpose of that particular clause of the banking Bill is to make sure that there is adequate and full financial protection for depositors in the event of a banking crisis or failure. As we dealt with Northern Rock, we found that more had to be done to make sure that depositors were properly protected. We raised the ceiling of protection and at the same time gave wider guarantees, and the purpose of the Bill is to put those into legislation.

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