Scottish and Northern Ireland Banknote Regulations 2009

My Lords, I suggest to the noble Lord that that is not surprising. Those who looked at the consultation, and at the impact assessment, would have been concerned about their own costs. These are quite modest for the banks concerned. I would not have expected anybody else reading the impact assessment to comment on the Bank’s costs unless they had an impact on their own costs. I understand that there is no charge from the Bank of England to the banks that may issue notes, so it signifies nothing that there were no comments on the Bank’s costs.