Finance (No. 2) Bill

Part of Bill Presented – in the House of Commons at 4:19 pm on 1st April 2014.

Alert me about debates like this

Photo of Jacob Rees-Mogg Jacob Rees-Mogg Conservative, North East Somerset 4:19 pm, 1st April 2014

It is highly questionable that Northern Rock needed to fail if the Bank of England had been willing to act as a classic lender of last resort when there was a liquidity problem rather than a solvency problem.