Well, I think it is important that we make sure the foundations are put in place to allow those new forms of finance to come to fruition in a safe environment.
My hon. Friend makes that point well, and I also want to give a name-check to the Community Investment Coalition: a number of financial institutions at local and regional level have come together to campaign on some of these issues, and in particular to call for greater transparency in the provision of financial services from
community to community on a postcode-level basis, although that is anonymised as we do not need to know which organisations have been lending to which individuals.
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We are supposed to have had a commitment from the Government that they would try to get that level of data from the big banks so we could see where there were deserts in terms of financial provision. In some communities access to finance is a real problem, as is access to basic bank account services and other services which people have a right to these days as part of the warp and weft of modern lifestyles. Credit is really a modern utility, and we need to make sure that, as the CIC has campaigned for, the Government press the banks to be more transparent and to come forward with more data so we can decide what further local provision may be required.