Banking Bill

I broadly support the hon. Gentleman's view, but I have some reservations about the timing. However, we are not precluding a private sale if an institution has gone into a bridge bank or even if it has come under temporary ownership. If at a slightly later stage somebody comes out of the woodwork with a private sector solution, they will not be precluded from taking it forward. In other words, going through the other two processes does not mean that we have dismissed the first.