If the hon. Gentleman just thinks about it for one moment, he will remember that in October, the banking system and individual banks were facing collapse. I suppose we could have said, "Let's consider our position. Let's wait for several weeks or months while we carry out some due diligence and see what happens." We were in a position last October where we had to act immediately and decisively. I remind the hon. Gentleman that at that time the Conservative party supported us; I appreciate that its position is different now. We had to act decisively, for reasons that most people understand.
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