Banking (Special Provisions) Bill

As ever, my noble friend produces a timely representation. I have been at pains to emphasise the need for the most extensive consultation before that legislation is prepared. That extends to ensuring that parliamentary consideration of it is sufficiently adequate and at its most effective. As my noble friend said, that might involve a pre-legislative committee—we have seen the advantages of that in relation to a number of previous Acts of Parliament, including the legislation to which he referred. I take that point on board with a degree—I use appropriate body language—of enthusiasm.