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Clause 216

Part of Banking Bill – in a Public Bill Committee at 1:30 pm on 30th October 2008.

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Photo of Stewart Hosie Stewart Hosie Shadow Chief Whip (Commons), Shadow Spokesperson (Treasury) 1:30 pm, 30th October 2008

It does sit ill. The hon. Gentleman is absolutely right about the advice being given—it might be given to the world at large, and it might be general rather than specific. Is there not a contradiction between the possibility of offering that sort of advice, which might be public, and the abolition of the weekly return, thus allowing the Bank to publish only the information that it sees fit? Is there not a contradiction between publishing general, global advice while possibly restricting information that might allow people to determine whether that advice is good?