Banking (Special Provisions) Bill

My Lords, I am not clear what the noble Lord is saying. On the one hand he is saying that the bank should operate at arm’s length on a commercial basis but not compete too hard. On the other hand he is saying that the Government should direct the levels of interest for deposit placers and the rest. Which is it? The noble Lord, Lord Newby, and his party are going to vote for the Bill. Surely we should have clarity about the kind of Northern Rock that the noble Lord sees operating as a nationalised concern and about the business plan.