Financial Services Bill

I support the amendments tabled by my noble friend Lady Noakes. It is difficult to see how anyone can argue with defining responsibilities. It is also difficult to see that anyone can object to giving sufficient power to do the job; having looked at what needs to be done, it is only reasonable to allow those who have to take the action to have reasonable tools with which to do it. My noble friend set out far more cogently and eloquently than I possibly could the benefits of her amendments, and I hope the Minister will give due attention to what she has said. I have no doubt that if he does, he will probably make some concessions.