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 Viscount Eccles Viscount Eccles Conservative 7:00 pm, 20th January 2009

Before the Minister replies, could I return to Bradford & Bingley? It all happened between 27 and 29 September. The Minister knows that 28 days is a long time in circumstances such as those, not a short time. If that had been handled under one of the 28-day instruments, by the time the business was scheduled perhaps some 21 days later, there would have been no unscrambling of Bradford & Bingley. Therefore, the noble and learned Lord, Lord Lyell, is absolutely right. If you have one of these orders and it does something substantive and substantial, whatever Parliament then decides, what has been done cannot be reversed.