Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 5:45 pm on 20th January 2009.

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Photo of Lord Lyell of Markyate Lord Lyell of Markyate Conservative 5:45 pm, 20th January 2009

I apologise for taking part in the debate now, not having been at the whole debate for medical reasons. I raise one point for clarification. The Explanatory Notes say that if these powers have to be used in an emergency—in other words, if they are brought into effect before there is an affirmative resolution, which is one of the protections against the use of these retrospective powers—they lapse if they are not affirmed at the end of the 28 days. Will the Minister make it clear—I hope he can—that if they lapse, they will never have been effective?