Sir Ashley Fox

Sir Ashley Fox

Conservative — Bridgwater

Speaking in the House of Commons on 22 January 2025

Debate

Bank Resolution (Recapitalisation) Bill [Lords]

Contribution

I welcome this Bill, but can the Minister assure the House that, at all times, the aim of the Government is to minimise the liability of the taxpayer? Where losses have to be sustained, they should be borne first by the shareholders, secondly by the bondholders and perhaps thirdly, and regretfully, by the deposit holders. That should be the order in which losses are sustained.

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