Banks

Part of the debate – in the House of Lords on 9th July 2008.

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Photo of Lord Newby Lord Newby Spokesperson in the Lords, Treasury

My Lords, I am sure that the Minister will be aware that at the time of Northern Rock's nationalisation it was envisaged that the Banking Reform Bill would come before your Lordships' House before the summer. He will accept that there have been considerable delays in bringing it forward at a time of increased and increasing concern, among the banks and individual depositors, about the scale of the banking crisis. Can he give us an absolutely clear assurance that the Bill will come before Parliament well before the end of the spillover session when we get back in October?