Banking (Special Provisions) Bill

My Lords, as I have indicated, there is a letter in the Library that spells out all the aspects regarding Granite, but I will emphasise the most significant point that the noble Lord has addressed and which is of concern. Granite has no claim on the assets of Northern Rock. What we are dealing with in this Bill is the position of Northern Rock, with Granite being entirely separate from that situation. As I have indicated, the assets of Northern Rock are greater than the liabilities incurred by the taxpayer. I realise that I am foreshortening—