The hon. Gentleman is wrong on both counts. First, it was not a matter of not exploring. Our advisers and the Government explored and reached the conclusion that it was not possible to privatise a separate, viable Scottish industry. Had an attempt been made to do so, it would have disappeared in the present economic circumstances. Secondly, the hon. Gentleman is wrong to suggest that all privatisation is monolithic. He need only look at Scottish Buses or Scottish Electricity.