Saving Gateway Accounts Bill

I thank the Minister for that reply and the noble Lord, Lord Newby, for taking part in this short but important debate. This scheme will not get off the ground unless there are account providers. The noble Lord, Lord Newby, would be happy to default to the nationalised banks—as the noble Lord, Lord Myners, is here I should say the public sector banks. I am not clear about that. It seems to me that we are simply leaning on those banks because of the nature of our shareholding and our other dealings with the banks, but if we cannot get the non-public sector banks or other providers involved that would be a problem.