This procurement is still subject to the full legal process, and I have no intention of making public anything that might jeopardise that. My hon. Friend has pointed out that 26% of Gemalto is owned by the French Government. Having their own national provider enables the French to get around EU procurement rules and, indeed, World Trade Organisation rules. What matters to me is that Conservative Members believe in both fair competition and global trade. We should welcome the fact that we have in De La Rue a company that trades successfully around the globe and secures contracts for all sorts of identity documents and, of course, banknotes. We should welcome the fact that we are not going to nationalise that company.