Banking (Special Provisions) Bill

It may be all that the Minister wants to say, but it does not answer the question. It is wrong to say that such mortgages are common in the market when everyone else has withdrawn them. It is not an issue of how Northern Rock got into trouble; it is an issue of how Northern Rock behaves when it is receiving a subsidy from the taxpayer that is anti-competitive and unfair for its rivals in the marketplace. That is the issue.