Backbench Business — Banking Reform — Only Underwrite Purely Deposit-Taking Banks — State Run Derivatives Clearing House — 29 Nov 2010 at 19:30

John Baron MP, Basildon and Billericay voted against removing the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives.

The majority of MPs voted to remove the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives.

The motion rejected by the majority of MPs was:

  • That this House,
  • concerned that no action has so far been taken which would prevent a recurrence of the financial crash, calls upon the Government to establish a clearing house for approval of all financial derivatives and to set in place alternative mechanisms to remove the implicit taxpayer guarantee, other than to purely deposit-taking banks, in the event of any future banking collapse.

Debate in Parliament | Source |

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

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.

PartyMajority (No)Minority (Aye)BothTurnout
Alliance1 00100.0%
Con245 (+1 tell) 0080.4%
DUP0 1012.5%
Lab0 6 (+2 tell)03.1%
LDem38 (+1 tell) 0068.4%
PC0 2066.7%
SDLP0 1033.3%
Total:284 10046.9%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
no rebellions

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