HC Deb 11 February 1980 vol 978 cc513-4W
Mr. Denzil Davies

asked the Chancellor of the Exchequer when it is proposed to activate the deposit protection scheme as provided by the Banking Act 1979.

Mr. Lawson

It is intended that the deposit protection scheme will be brought into operation once the bulk of applica- tions for deposit-taking authority have been dealt with by the Bank of England. I hope that this will be before the Summer Recess.