Saving Gateway Accounts Bill

I thank the Minister for his reply and the noble Lord, Lord Morgan, for taking part in this debate. I do not always just talk about financial issues; I know it seems like that. I occasionally stray into other areas. The majority of the Bill is not just about financial areas. I was perhaps most distressed by the Minister’s final response to that final query about how people would get information about what compensation schemes they would be eligible for. The thought of this kind of basic information coming from HMRC does not feel right. It is not clear to me that the individuals who are going to receive their eligibility notices will be able to do anything significant with it, because this is part of a much broader financial inclusion agenda, rather than specifically here. We shall see. The most concerning part is that there will potentially be saving gateway providers which would not have access to an ombudsman because they are not a UK bank or other financial service provider, and that is not automatically seen on a cross-border basis. That is unfortunate, and perhaps HMRC should be putting out information saying that people should only go to a bank when they can use an ombudsman. I hear what the Minister has said on the other points that I raised. I am pleased to hear that the issue around the EEA is being dealt with at government level. I hope that we may be updated in due course. This has been a useful debate. I ought to put on the record for the Committee that the Minister has broken a record. He has managed to reply to a query raised in one of the earlier groups of amendments before we have completed today’s Committee sitting, which is quite impressive. I shall make no comment on whether the content is impressive; but the fact that I got a reply to a query that I raised on an earlier group of amendments before finishing the sitting is impressive.