My Lords, first, I thank all noble Lords who participated in the debate, and the noble Baroness, Lady Hayter, and the noble Lord, Lord Palmer of Childs Hill, for all the work they have done and continue to do in this area. As they will be aware—indeed, the noble Baroness was fair and set it out—I became aware of this problem only in the middle of last week. Since then we have met and, I think, moved things forward. I repeat that we will go away and look at this and carry on our engagement with the noble Baroness, ARLA and RICS. That remains the position. I want to reassure myself that we are being fair to all tenants over the protection of deposits. If that is the case, I will be reassured, but I want to go away and make sure that it is.
To reassure the noble Lord, Lord Palmer of Childs Hill, in so far as money is held in custodial deposits, these will fall outside this cap and will not need insurance. I think I made this point when we met. We are taking this forward. In particular, we will not require the double deposits. That is entirely wrong. I can give that reassurance: we will not need cover for that.