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WHAT HAPPENED ON 18th December 1996?
17th December 1996
BANK OF ENGLAND CRITICISED OVER BARINGS
The Bank of England has been criticised over the collapse of Barings Bank with debts of £800m incurred by Nick Leeson. The Commons Treasury Select Committee accused the Bank of England of a break down in its supervisory system internal controls & communications. Committee member Tim Yeo said the Bank's primary duties were to protect the currency & to maintain stability. A Bank of England spokesman called the report a "constructive contribution".
18th December 1996
MINISTERS MEET TO REVIEW STALKING BILL
Ministers are to hold an urgent meeting to decide how to proceed with the Government's anti-stalking Bill. The move comes after Opposition parties combined to defeat the Government on a Labour amendment. But Labour & the Liberal Democrats say they will co-operate with the Government on the Bill which is due to complete its Commons passage today. Liberal Democrat Deputy Leader Alan Beith said nobody would vote against it
18th December 1996
SPEAKER RULES OUT ACTION IN VOTING ROW
Commons Speaker Betty Boothroyd has refused to get involved in the row over voting arrangements between the Tories and Labour. Such matters were "not at all the business of the Speaker" she told Labour's David Winnick. Mr Winnick had urged her to condemn what he called Tory cheating to restore the reputation of the House. Miss Boothroyd told him he should not attempt to put words into her mouth.
17th December 1996
NOVEMBER PSBR COMES IN AT £2.6bn
The Government had to borrow £2.6bn last month to balance its books latest official figures show. The November figure was just short of the consensus City forecast of £2.7bn. It took the total public sector borrowing requirement for the first eight months of the year to £13.9bn compared with £22.4bn at the corresponding stage in 1995/96. The Treasury said the figure was fully consistent with the Budget forecast of a total PSBR this year of £26.4bn.
18th December 1996
MINISTERS MEET TO REVIEW STALKING BILL
Ministers are to hold an urgent meeting to decide how to proceed with the Government's anti-stalking Bill. The move comes after Opposition parties combined to defeat the Government on a Labour amendment. But Labour & the Liberal Democrats say they will co-operate with the Government on the Bill which is due to complete its Commons passage today. Liberal Democrat Deputy Leader Alan Beith said nobody would vote against it
18th December 1996
WE WERE FOUND OUT ADMITS EX-MINISTER
A former minister says the Tories regret tactics they used in winning Monday's fishing vote by a margin of 11 Three absent Tory MPs were "paired" with both Labour & Liberal MPs instead of just one or the other. Sir Archie Hamilton said: "We were found out. I think it was something the Government might now regret." He accused Labour of foul play yesterday. Labour Deputy Leader John Prescott said the Government was devious & cheating
17th December 1996
OPPOSITION CLAIMS FISH VOTE "CHEATING"
Labour & the Liberal Democrats are to suspend all pairing arrangements with the Government from the return of the Commons in January. The move comes after allegations of "cheating" in last night's fishing vote They have accused the Government of double-pairing Tory MPs with Opposition MPs to give them an unfair advantage. Pairing is the system whereby an MP is matched to an opposite MP; if one does not go to a vote neither does the other
18th December 1996
MINISTERS MEET TO REVIEW STALKING BILL
Ministers are to hold an urgent meeting to decide how to proceed with the Government's anti-stalking Bill. The move comes after Opposition parties combined to defeat the Government on a Labour amendment. But Labour & the Liberal Democrats say they will co-operate with the Government on the Bill which is due to complete its Commons passage today. Liberal Democrat Deputy Leader Alan Beith said nobody would vote against it
18th December 1996
LIB DEMS URGE PROBE INTO BSE "FIASCO"
The Liberal Democrats have called for an inquiry into a "multi-million pound scandal" involving the cattle cull demanded by the EU. The cull had been carried out in a way which was a "matter of great national concern" spokesman Paul Tyler said. Ministers had unnecessarily limited the number of abattoirs involved thus allowing them to profiteer he claimed. The taxpayer had ended up paying the equivalent of 1p in the pound he said.
