Pre-Budget Report

In the light of the disaster that we have just experienced on the economic front with the banks, just as we did in the 1850s, does the hon. Gentleman not agree that his line of reasoning perhaps leads to the idea of companies similar to the water, gas, electricity and even railway companies of the 19th century, which were supported by debenture stock, so that the elements of loan that he has mentioned are in place, but focused on companies that are not exclusively under Government control?