Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 6:00 pm on 20th January 2009.

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Photo of Lord Newby Lord Newby Spokesperson for the Treasury 6:00 pm, 20th January 2009

The noble Viscount, Lord Eccles, seems to be saying that the Government should not have this provision but that they should have the rest of the Bill; that they would act in a way which was in breach of the law, but that would not matter very much because people would take the Government to court and to the extent that they had broken the law, they would have to pay compensation. That is a very bizarre way to proceed.