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Clause 132

Part of Banking Bill – in a Public Bill Committee at 11:00 am on 18th November 2008.

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Photo of David Gauke David Gauke Shadow Minister (Treasury) 11:00 am, 18th November 2008

I am grateful to the Minister for his remarks. At times, we do seek to be a constructive Opposition, and we have been in this case, even if inadvertently.

I am not entirely convinced by the Minister’s argument that as some insolvency lawyers think that the power to disclaim onerous property should apply to administrators generally we should therefore apply it in these provisions. There may or may not be a case for general reform. However, I will not press for a Division; the Minister has given his explanation and it has been useful to highlight the matter. I beg to ask leave to withdraw the amendment.