I appreciate that the hon. Gentleman asked about borrowing. I set out my forecasts in the pre-Budget report and I will keep the House updated. For the past 10 years borrowing generally has been very substantially lower than we have seen in the past.

I said in reply to an earlier question that the Governor has announced additional facilities to be put into the system, which is the right thing to do, especially having regard to the present uncertainty. The House will know that a number of banks are due to report, although the Governor made the point in his remarks this morning that what banks have been able to report has reassured the markets in respect of individual institutions. I assure the House that the Bank of England, the Financial Services Authority and the Treasury are keeping these things under constant review and that we will take whatever action is appropriate. Today's announcement by the Bank of England, putting money into the system, will be welcomed. It is entirely the right thing to do. Indeed, the US Fed and the European Central Bank have taken similar action over the past few days.