Part of the debate – in the House of Commons at 6:48 pm on 17 April 2002.
My hon. Friend is right. That proposal will be widely welcomed. As a point of contrast, and to pick up the point made by Mr. Hayes, we could have a debate about the scale of regulation in particular areas, but it all pales into insignificance when we recall the cost to businesses of the 15 per cent. interest rates that they had to endure when the Conservatives were in government.