Banking (Special Provisions) Bill — Application to Building Societies — 19 Feb 2008 at 22:00
Patrick McLoughlin MP, West Derbyshire voted in the minority (Aye).
The Banking (Special Provisions) Bill gives the Treasury the power to order the transfer of property, rights and liabilities from an "authorised UK deposit taker" (a category that includes banks and building societies) to another corporate body of its choosing.
The majority of MPs voted against limiting these powers so they didn't apply to building societies.
Since the legislation was ostensibly for the purpose of nationalizing Northern Rock, which is bank not a building society, questions about why the target was left so wide are legitimate.
-  Transfer of property, rights and liabilities, Clause 6 of Banking (Special Provisions) Bill
-  Philip Hammond MP, House of Commons, 19 February 2008.
-  Northern Rock bill gets approval, BBC, 21 February 2008.
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||0||158 (+2 tell)||0||82.9%|
|Lab||300 (+2 tell)||0||0||85.8%|