Financial Mutuals Arrangements Bill

My hon. Friend has rightly sung the praises of the Nationwide building society for its initiatives on free cash machines. Does he agree that the Nationwide should also be congratulated on its promotion of basic bank accounts? Some of the other high street banks have not been quite as enthusiastic about making such bank accounts available to the most financially excluded people. Does my hon. Friend agree that they should take a leaf out of the Nationwide’s book by doing more to promote such accounts?