Early day motion 1297

ENFORCEMENT OF BANK OF ENGLAND ACT 1694

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Total number of signatures: 13

Cohen, Harry Corbyn, Jeremy Cryer, Ann Davies, Dai
Drew, David Hopkins, Kelvin Illsley, Eric Llwyd, Elfyn
McDonnell, John Mitchell, Austin Riordan, Linda Simpson, Alan
Taylor, David

That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties' subjects may not be oppressed by the said corporation', notes that those subjects have been seriously oppressed by the Bank's failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading.