Financial Services (Banking Reform) Bill — New Clause 10 — Sale of state-owned banking assets — 9 Jul 2013 at 16:29
Oliver Letwin MP, West Dorset voted against requiring a report to be presented to Parliament before the decision to sell any state owned banking assets.
The majority of MPs voted against requiring a report to be presented to Parliament before the decision to sell any state owned banking assets.
MPs were considering the Financial Services (Banking Reform) Bill. The text of the proposed new clause rejected in this vote was:
- ‘(1) Before the sale of banking assets in the ownership of HM Treasury, the Treasury shall lay before Parliament a report setting out—
- (a) the manner in which the best interests of the taxpayer are to be protected in connection with such sale,
- (b) the expected impact that any sale might have on competition for the provision of core services, customer choice and the rate of economic growth,
- (c) an appraisal of the options for potential structural changes in the bank concerned including—
- (i) the separation of the provision of core services from the provision of investment activities,
- (ii) the retention of a class of assets in the ownership of HM Treasury,
- (iii) the impact of any sale on the creation of a regional banking network.
- (2) A copy of the report in subsection (1) shall be laid before Parliament and sufficient time shall be given for the appropriate committees of both Houses of Parliament to consider its findings before any sale decision.’
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||248 (+1 tell)||0||0||81.6%|
|Lab||0||211 (+2 tell)||0||82.6%|
|LDem||44 (+1 tell)||0||0||80.4%|