Dormant Bank and Building Society Accounts Bill [Lords]

Well, some building societies have, but others have not, and my understanding is that the figure of £7 billion was arrived at in discussion with banks and building societies and put in the original consultation documents. We consulted on that £7 billion figure applying to both banks and building societies, and it is a proposal that received broad support during the consultation. A number of further points have been raised, but I think we can return to them in Committee. I am pleased to be able to say that the Bill has cross-party support. We want to get it right. We recognise that there is the opportunity to scrutinise the detail in Committee, and I look forward to engaging further with Members in all parts of the House as we look to take the Bill forward. Question put and agreed to. Bill accordingly read a Second time.