No. I believe that nationalisation is no more than a slogan—[HON. MEMBERS: "Hear, hear."]—in these circumstances. It is a doubtful luxury, available only to a party with no expectation of gaining power. I say that honestly. It is irresponsible to consider nationalising the industry; it would hold out hope where none exists. The arguments do not stand up. I repeat that, if I thought they did, I should argue for nationalisation. It is not a matter of dogma; it is a matter of doing what is right for the steel industry and for the people of Lanarkshire who have taken such a pounding.