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Part of Bank of England and Financial Services Bill [HL] – in the House of Lords at 8:00 pm on 15th December 2015.

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Photo of Lord Davies of Oldham Lord Davies of Oldham Shadow Spokesperson (Treasury) 8:00 pm, 15th December 2015

My Lords, I have seen some responses of a technical nature from Governments in the past which have brought some wry amusement, but I think the noble Lord has hit a new high on this occasion.

According to my notes, and I hope I am reflecting exactly what he said, to ensure legal certainty, the revocation is treated as never having had effect. We are getting to the end of this part of the Bill—and probably not before time.

Amendment 27 agreed.

Clause 29: Banks authorised to issue banknotes in Scotland and Northern Ireland

Amendment 28

Moved by Lord Bridges of Headley

28: Clause 29, page 27, line 44, leave out “and published by the Treasury” and insert “by the Treasury and published by the Treasury before the designation date in the appropriate Gazettes.

( ) The appropriate Gazettes are the London Gazette and—

(a) if the part of the United Kingdom specified under subsection (1)(b) is Scotland, the Edinburgh Gazette;

(b) if the part of the United Kingdom specified under subsection (1)(b) is Northern Ireland, the Belfast Gazette.”