Banking Bill

The right hon. Gentleman makes a fair point. The only point that I am making is that if in future the taxpayer or all of us collectively through a deposit insurance scheme are to pick up the costs, people cannot be left free of the consequences of choosing the more risky investment. Whether it is triple A or double A, most would recognise that depositing money with Lloyds bank—at least I hope so in my case—is a slightly safer bet than depositing it with Icesave. Perhaps I am about to get a rude shock.