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Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 7:00 pm on 20th January 2009.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 7:00 pm, 20th January 2009

I may be misunderstanding the words in the Bill. The Minister has just said that, of course if Parliament took a different view the Government would take account of that. However, the Bill says that,

"the lapse of an order under paragraph (b) does not invalidate anything done under or in reliance on the order before the lapse and at a time when neither House has declined to approve the order".

Does that not mean that whatever the Executive or a Minister have done will stand, regardless of what Parliament thinks? How in that case can the Minister say what he has just said to the Committee? This is what is causing such offence—or am I misunderstanding?

I do not know what the Delegated Powers Committee or any other committee was doing, but I look at the words on the Bill that we are being asked to approve and that seems to be the meaning. The Minister has just said that it means something else. Can he help me with that?