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Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 1:45 pm on 21st February 2008.

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Photo of Lord Oakeshott of Seagrove Bay Lord Oakeshott of Seagrove Bay Spokesperson in the Lords, Treasury, Spokesperson in the Lords, Work & Pensions 1:45 pm, 21st February 2008

As the Minister has not answered my question perhaps I may ask him a simple question: does he regard the £8 billion of unsecured loans in Northern Rock's balance sheet as high-quality assets? Yes or no?