Bank of England Debate

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Department: HM Treasury

Bank of England

Lord Flight Excerpts
Thursday 30th October 2014

(10 years, 1 month ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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I am not sure that that is a general principle that one would wish to apply more widely.

Lord Flight Portrait Lord Flight (Con)
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My Lords, I agree with the Government’s view about retaining the well tested name, but would the Government also consider retaining in full, or restoring, the Bank of England’s lender of last resort powers, which have served this country’s banking system well for 150 years?