Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 1:30 pm on 21st February 2008.

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Photo of Lord Roberts of Conwy Lord Roberts of Conwy Conservative 1:30 pm, 21st February 2008

How does the noble Lord propose to deal with the point made by my noble friend Lord Naseby yesterday about the fact that Northern Rock currently has the highest ISA rate of interest and the highest deposit banking rate in the market, thereby pinching business away from the open market with taxpayers' funds? How do the Government propose to deal with that situation?