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UK Parliament · Bill

Banking (Special Provisions) Act 2008

Summary

This Act gave the UK government special emergency powers to step in and manage banks that were failing during the 2008 financial crisis. It allowed measures like the government temporarily taking control of banks to stop the financial system from completely breaking down.

A vote to support means

  • Supporting this Act means backing emergency measures to protect the UK's banking system during the 2008 financial crisis. It allows the government to take special action (like temporarily taking over failing banks) to prevent the entire financial system from collapsing and to protect people's savings.

A vote to oppose means

  • Critics worry that the Act gives the government too much power without enough oversight or debate in Parliament. Some are concerned about using public money to bail out banks while ordinary people suffer job losses, and question whether it's fair that banks get rescued this way.

Cast Your Vote

People's Vote0 votes
0% Support · 00% Oppose · 0

Bill Passage

Commons

  • 1st reading19 Feb 2008
  • 2nd reading19 Feb 2008
  • Committee stage19 Feb 2008
  • Report stage19 Feb 2008
  • 3rd reading19 Feb 2008

Lords

  • 1st reading20 Feb 2008
  • 2nd reading20 Feb 2008
  • Committee stage21 Feb 2008
  • Report stage21 Feb 2008
  • 3rd reading21 Feb 2008
Royal Assent21 Feb 2008
Full Bill Description(click to expand)

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