Clare Adamson is absolutely right. As she is well placed to know, given her productive involvement in the efforts to save what is now Liberty Steel, had we not worked with the company to enable that, those jobs would have been lost there and then. That is why I will always prefer that activist approach of trying to save jobs and secure the future of such industrial plants.

There is no doubt that the administration of Greensill Capital will impact on a wide range of businesses across the UK that rely on it for supply chain financing. GFG Alliance, which includes Liberty Steel, has acknowledged the challenges posed to its businesses and has indicated that it is seeking alternative long-term funding arrangements. We take some comfort from the public statements of GFG Alliance that it is performing strongly and has access to sufficient resources for its business needs. However, we will continue to monitor the situation closely. As I said to Willie Rennie, we maintain regular dialogue with the business.