Banking (Special Provisions) Bill

My Lords, first, I emphasise that this issue regarding Granite was raised in the other place yesterday. The Chancellor of the Exchequer has written to the Liberal Democrats about the whole position regarding Granite, and he has put a copy of that letter in the Library so that we can all see exactly that position. My noble friend will recognise that I have rather a great deal to deliver in my speech, and I am conscious of the time constraints, so I hope that my noble friend will accept that reply.