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My Lords, I hope that the Leader of the House will respond to the point that the noble Lord, Lord Pannick, has raised. There is an indication which has been referred to today—I think in the Financial Times—that extreme people who wish to leave were raising a legal challenge to the fact that we are not leaving at the end of the month.
My Lords, I am not clear on the spread of the committee’s responsibility. For example, who will deal with the problem of $3 trillion being put through the City every day to deal with various contracts? There is high competition over them between several European countries, and New York in particular. Who will deal with that?
My Lords, where loans are bundled and sold off, does that exclude the possibility of any of them being written off?
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Entered the House of Lords in 1998
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