Banking (Special Provisions) Act 2008

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The Banking (Special Provisions) Bill was introduced in order to enable the UK government to nationalise high-street banks under emergency circumstances by secondary legislation. The Bill was introduced in order to nationalise the failing bank Northern Rock after a private-sector solution could not be found.

Status

The Bill was first read in the House of Commons on the 19th February 2008. It received a second reading.

External links

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