Part of Banking Bill – in a Public Bill Committee at 2:45 pm on 23 October 2008.
I certainly accept that we are taking the powers to enable us to do that in the futureand it is absolutely right to do so. I return to the principle: we fundamentally believe that banks should be paying up front, in case there is potential bank failure in the future. That is what our citizens would expect, and I think it is the right thing to do.