I ask the hon. Gentleman to make a distinction between the long-term problems which I want to discuss with the building societies and the short-term problem of interest rates in the present economic crisis. It should not be assumed that the increase in the Bank Rate will be followed by similar increases in other long-term rates, and I am very encouraged to see that representatives of the building societies have already made this clear. With regard to the long-term issues, we have made and shall keep our pledge to introduce special advantages for new mortgages. As I say, we need to discuss this with the building societies. We have started doing so and we shall complete the job, and then legislate, in the next Session.