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Banks: Government Securities

Volume 494: debated on Monday 22 June 2009

To ask the Chancellor of the Exchequer for what reasons his Department determined that (a) bonds held by the Government in Bradford and Bingley would be ranked above Bradford and Bingley subordinated bondholders and (b) bonds held by the Government in Northern Rock would be ranked below Northern Rock subordinated bondholders; and if he will make a statement. (281639)

I refer the hon. Member to the answer given to my hon. Friend the Member for Mansfield (Mr. Meale) on 17 June 2009, Official Report, column 323W.