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Lords division · 4 Nov 2024 · No. 1

Bank Resolution (Recapitalisation) Bill [HL]

Baroness Vere of Norbiton moved amendment 2, in clause 1, page 1, line 20, at end to insert—“(2A) The Bank of England must not require the scheme manager to make a recapitalisation payment if it has directed the financial institution to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements.”The House divided:

The Contents have it

Majority 122

Contents: 247 Not Contents: 125

At a glance The Contents won by a margin of 122 votes. The Government's position was Not Content, and it lost.

How the parties voted

Contents

Conservative 154
Liberal Democrat 55
Crossbench 22
Non-affiliated 9
Ulster Unionist Party 2
Plaid Cymru 2
Green Party 1
Democratic Unionist Party 1
Reform UK 1

Not Contents

Labour 110
Crossbench 10
Non-affiliated 5

The party breakdowns are our own analysis of the official voting records (recorded votes only; they do not describe the formal whip). How we work this out.

Peers attend divisions ad hoc, so there is no did-not-vote list. Tellers are counted in the Content and Not Content totals, unlike in the Commons.

Tellers: The Earl of Courtown (Content), Baroness Williams of Trafford (Content), Lord Kennedy of Southwark (Not Content), Baroness Wheeler (Not Content).

Every vote

Contents (245)

Not Contents (123)

Tellers (4)

Source: the official Lords division record.