Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008 — Heritable Bank plc (Determination of Compensation) Order 2008 — Bradford & Bingley plc Compensation Scheme Order 2008 — Motion to Approve

– in the House of Lords at 3:38 pm on 17th December 2008.

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Moved by Lord Myners

That the draft orders laid before the House on 3 December be approved.

Relevant Documents: First Report from the Joint Committee on Statutory Instruments, considered in Grand Committee on 15 December.

Photo of Lord Campbell of Alloway Lord Campbell of Alloway Conservative 3:39 pm, 17th December 2008

My Lords, after reading Monday's Official Report, may I respectfully ask the noble Lord whether it is appropriate for the three compensation orders to be moved en bloc, given that the circumstances for each order are disparate?

Photo of Lord Myners Lord Myners Parliamentary Secretary, HM Treasury

My Lords, the House has already debated the compensation orders, and it is clear that there are very different circumstances pertaining to these three institutions—hence the differences in the instructions on valuation for the calculation of compensation.

Motion agreed.