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bounced" into timetables not justified by the facts and accused Ministers of treating the House "disgracefully".

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The Government faced cross party opposition as it pushed ahead with the tight timetable, which was backed by 291 votes to 223, majority 68.

But shadow Treasury chief secretary Philip Hammond said MPs had been expecting a "narrowly focused" measure not a 24 page Bill, which included some "quite complex provisions" of general applicability.

Chancellor Alistair Darling yesterday defended his decision to rush through emergency legislation to nationalise Northern Rock.

"We won't be involved in the day today management of NR. But we do need to approve its business plan. We want to make sure it is prudent, that it's sensible, and protects the interests of the taxpayer. But also we Nike Air Max 90 Mens Orange

Mr Darling announced on Sunday that the troubled bank was being taken into a period of temporary public ownership. Conservative leader David Cameron has urged the Prime Minister to sack the Chancellor over the debacle.

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Senior Labour MP Gwyneth Dunwoody joined the chorus of criticism over the timetable, branding it "indefensible" and insisting the Government was wrong to impose it on a Bill which was so large in its implications and so complex.

want to make sure it avoids distortions."

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Treasury Chief Secretary Yvette Cooper said it was in everyone's interests to end uncertainty over the bank's future and act as swiftly as possible.

Introducing second reading of the Banking (Special Provisions) Bill, he said Ministers did not want the bank to compete unfairly with other banks, distorting competition.

He warned: "We cannot casually hand over a blanket power to nationalise banking institutions."

Darling defends decision to rush nationalisation

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Ministers wanted to push the Bill through all its Commons stages last night, so the legislation can be considered by peers today and return for final debate by MPs Air Max 90 Woven Black

"It is impossible to run a bank unless it is clear who is in charge of that bank, who is running Air Max 90 Boots Black that bank.".

He disclosed that discussions would be held on this issue with bank and building society associations before submitting proposals for state aid approval by the European Commission.

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tomorrow before becoming law.

As debate on the Bill got under way, Mr Darling acknowledged the Bill did contain provisions which could be applicable in other circumstances, but stressed it was only being introduced because of the need to nationalise NR.

"This isn't a measure targeted at dealing with NR but allowing nationalisation of other deposit takers, not only banks but also mutual building societies."

Shadow Chancellor George Osborne has branded Mr Darling "politically a dead man walking", while shareholders have threatened legal action and Northern Rock employees are braced for thousands of possible job losses as the business's operations are scaled back.

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Liberal Democrat spokesman Simon Hughes complained the House was being "regularly Air Max 90 White And Gold

Mr Darling told MPs it was impossible to run a bank unless it was clear "who is in charge of that bank".

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