I thank Linda Fabiani for her question and recognise her clear interest in the issue. I enjoyed the event that she hosted in Parliament, which shone a light on the good work that credit unions do across the country. I am aware of the fantastic work of East Kilbride Credit Union. Most recently, I was interested to learn about its home start deposit scheme, which aims to help first-time buyers to get a foot on the property ladder.

We are aware that there is ambition, but that it cannot be met because of the regulatory circumstances in which we find ourselves. That shows that many of the powers that are needed to support such innovation are reserved. We will, of course, continue to push the UK Government, because it is unfortunate that we have ambition from our credit unions that cannot be met because of the regulations, which we have no power to change. We will continue to push the UK Government to make the necessary changes.