Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 3:00 pm on 21st February 2008.

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Photo of Earl Ferrers Earl Ferrers Conservative 3:00 pm, 21st February 2008

I am sure that it was inadvertence by the noble Lord rather than discourtesy, but he failed to reply to the questions asked by my noble friends Lord Baker and Lord Forsyth; I, too, raised the issue yesterday. If Northern Rock is continuing to provide mortgages of 125 per cent while two firms that were doing that yesterday have stopped, is that not wrong and is it not unfair competition?