Lord Geddes
Main Page: Lord Geddes (Conservative - Excepted Hereditary)Department Debates - View all Lord Geddes's debates with the HM Treasury
(2 months ago)
Lords ChamberMy Lords, I thank the Minister for accepting the principle that there should be a limit on lending; 25% is probably more than I would have liked to go for, but nevertheless I am grateful that the principle has been accepted. That would probably be better in statute than in a memorandum of understanding, but perhaps I could reflect on that. Really, the Minister has taken the wind out of the sails of my Amendment 9, so I beg leave to withdraw it.
As the noble Lord has spoken to the amendment, the Government may reply if they so wish.