Early Day Motions (EDMs) are formal motions submitted for debate in the House of Commons. However, very few are actually debated but are used to draw attention to events or campaigns. They test the support of MPs and may raise the interest of journalists.
EDM 1297 was tabled on April 20, 2009 by our Chairman Austin Mitchell MP and reads as follows:
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.
The same text was retabled as EDM 597 on July 22, 2010 in the new Parliament.
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