Banking Bill
10:56 am
Ian Pearson: When I made my introductory remarks, I made it clear that the Banking Bill was part of a range of reforms and actions that we are implementing as a Government. We have taken action with regards to recapitalisation of the banks. The package of measures that was announced included £37 billion for bank recapitalisation, an increase in the special liquidity scheme to £200 billion, and £250 billion for debt guarantees to support inter-bank lending. That is a big package in anybody’s book. The details of the individual negotiations are not in the remit of the Bill, but the Government are acting in the usual transparent way in that area.