Industry (Government Support)

I think that is one for the Budget statement on Tuesday. Finally, we are starting to get the answers to some of these deep-rooted problems. We heard today about the changes to financial regulation, and I wonder how long it will take the Labour party to involve itself in the debate about the future of financial regulation. We think that banks should be properly regulated, not regulated under the old system that failed. The Government are also putting forward solutions to help credit flow to businesses; we are getting increased certainty in the tax system; and of course we have measures to tackle the deficit. As a result of those last measures, since the election, the interest rates paid on Government bonds has fallen by 0.4%—one tenth—which means that the interest on Government debt has fallen by one tenth in just over a month since the election, in anticipation of action to deal with the deficit.