Dormant Bank and Building Society Accounts Bill [Lords]

I agree strongly with the latter point. On the former, obviously the BLF has to operate within the legislative framework in the Bill and in accordance with the Government's directions. I shall talk in a minute about the strategic plan, which I hope will provide even more clarification. Amendment No. 7 is unnecessarily prescriptive in its attempt to specify a fixed proportion of dormant accounts funding to be directed at youth spending. I understand the spirit in which the amendment was tabled, but we have made it clear that our spending priorities will be for youth, financial inclusion and, as resources and state aid permit, the social investment wholesaler. It would be unnecessarily constraining to include in the legislation a specific percentage figure.