I will tell the hon. Gentleman what I am clutching—the Conservative election manifesto from 2005. As he mentions the Bank of England and the tripartite arrangement, and all his warnings, can he explain why that manifesto, on which he stood for election, includes a discussion about the Bank of England with not one word about the tripartite arrangement, the level of bank regulation or credit expansion? When did he have his convenient conversion on all those subjects?
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