Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 4:00 pm on 21st February 2008.

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Photo of Lord de Mauley Lord de Mauley Shadow Minister, Cabinet Office 4:00 pm, 21st February 2008

I do not wish to detain your Lordships long. We have had a very useful debate and I am particularly grateful to the noble Lord, Lord Eatwell, for his useful suggestion and also to my noble and learned friend Lord Mayhew. My amendments were not only about Northern Rock but also about future nationalisations. We fear that nationalisation may become like a drug to the Government. Having said that, while reserving the right to come back to this on Report, I beg leave to withdraw my amendment.