Banking (Special Provisions) Bill

I am not sure whether the hon. Gentleman is aware that what he will vote for tonight could lead to very substantial job losses at Northern Rock. What the Chancellor of the Exchequer said at the beginning of his speech implied that the bank would not be able to operate in an aggressively commercial way, as Ron Sandler suggested it should. The Chancellor's view, by the way, is that the shareholders should get nothing. That is what the hon. Gentleman will be voting for tonight.