Clause 65

Part of Banking Bill – in a Public Bill Committee at 10:00 am on 13 November 2008.

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Photo of David Gauke David Gauke Shadow Minister (Treasury) 10:00, 13 November 2008

Indeed. Let us put it this way: there is no reason, as far as I can see, why clause 65 could not be used to dispense with those contractual rights. The Minister’s remarks merely highlight why we are concerned about the clause. The hon. Member for South Derbyshire is clearly uncomfortable with the way in which the clause could be used. We will read Hansard to see whether the Minister said that it is one possibility that the Government are already considering.