Banking (Special Provisions) Act 2008
id:
banking-special-provisions-act-2008-186-11605377
title:
Banking (Special Provisions) Act 2008
text:
The Banking Act 2008 is an Act of the Parliament of the United Kingdom that entered into force on the 21 February 2008 in order to enable the UK government to nationalise high-street banks under emergency circumstances by secondary legislation. The Act was introduced in order to nationalise the failing bank Northern Rock after the bank was supported by Bank of England credit and a private-sector solution was deemed "not to provide sufficient value for the taxpayer" by the UK government. Oppositi
brand slug:
wiki
category slug:
encyclopedia
description:
United Kingdom legislation
original url:
https://en.wikipedia.org/wiki/Banking_(Special_Provisions)_Act_2008
date created:
2008-02-19T21:28:39Z
date modified:
2024-09-08T09:47:49Z
main entity:
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image:
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fields total:
13
integrity:
16