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Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 6:30 pm on 20th January 2009.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 6:30 pm, 20th January 2009

Although I do not like it, I do not have a problem with the Minister's description of this provision. However, I do not see why it is necessary to be able to extend an order beyond the 28 days. I have particular problem with why, if Parliament chooses not to approve an order, it is necessary for the original decision to stand. As my noble and learned friend pointed out, that seems to create a third area of law that is neither common law nor statute law, but law by ministerial fiat. That seems very dangerous and out of all proportion with the problem. If the Minister could explain why it is necessary to have that, we would be less concerned.