Financial Markets

My Lords, the question from my noble friend was well worth waiting for. I am not surprised that she prefaced it by a repudiation of some of the comments which have been made across the Dispatch Box from the Opposition. As she rightly says, two crucial dimensions of this support for and development of the financial institutions are the credit guarantee scheme and the special liquidity scheme. That is clearly crucial to the oiling of the wheels which guarantee inter-bank lending which, only a week ago, was at a catastrophic, stationary level.