Thursday, Feb 21, 2008
Peers vote for Audit of Rock and that it should not be exempt from FOIL
BBC: Government suffers Rock defeats
The government has suffered defeats in the House of Lords over parts of its plans to nationalise Northern Rock. Peers have voted for an independent audit of the bank's books within three months, followed by annual checks. They also voted against plans to exempt the bank from Freedom of Information laws. Once peers finish debating the bill it will return to the Commons. Ministers will have to decide to accept any changes peers make - or reject them and send the bill back to the Lords.
Posted by jack c @ 03:02 PM (785 views) Add Comment
12 Comments
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1. Plato said...
Conservative spokesman Lord Hunt said "the government should have nothing to fear from the truth".
"The public does indeed have a right to know but the government's response is to run entirely in the opposite direction," he added.
HERE - HERE.
Crime may not pay after all.
2. paul said...
"There is no public interest involved here - it is not as if we are short of mortgage-lending institutions in this country"
Lord Lawson, Ex-chancellor
Ouch. That'll chafe with Darling and Brown.
3. Stevie Dee said...
I've heard of "Hot Rocks" before.. looks like the Peers don't wan't to handle "dodgey goods" either.
4. techieman said...
Lawson! - Classic He doesnt want to go down in history as the Chancellor remebered for presiding over a house price correction. Thats quite funny. And if he were in charge????? In his memoirs he has stated that it was just a consequence of the business cycle which you cannot eradicate, Funny he didnt say that at the time - nice work if you can get it!
5. jack c said...
"it is not as if we are short of mortgage-lending institutions in this country"
Lord Lawson must be another planet because lending institutions in the UK are currently disappearing faster than coal mines under Maggie Thatcher.
6. paul said...
Hahaa!
7. An Bearin Bui said...
"There is no public interest involved here - it is not as if we are short of mortgage-lending institutions in this country"
You see that's where he's wrong - there is a real shortage of dodgy mortgage-lending institutions with semi-legal business models in key Labour voter heartlands. Every day there is news of the free market dealing a death blow to dodgy lenders: Bradford & Bingley, A&L, Plaform / Picture / whatever they're called... it's never-ending and it's only right that the government should step in to provide public sector support for dodgy lenders. Chavs have to get their mortgages from somewhere, for goodness sake!!
8. wiltshire said...
Thank the Lord for that. It's about time someone stood up to the government and put the cheating little crooks under pressure. I just hope the pressure increases from here on.........
9. paul said...
Indeed wiltshire.
10. hpwatcher said...
The government are a house of fools...they are no better than estate agents, trying to appear in control, on top of the situation.
The economy did well, in spite of Labour NOT because of them.
11. it_is_going_with_a_bang said...
"plans to exempt the bank from Freedom of Information laws"
That cannot ever be allowed to happen. Seriously, that's just trying to cover your ar5e.
Unless of course Gordon Brown thinks its ok for me to skip my tax returns for the next 5 years because I don't think it's in the public interest for him to see them either.
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