Finance (No. 3) Bill

I thank my hon. Friend for that observation. Project Merlin's record is a sorry tale so far. We see a failure to deliver on bankers' bonuses and a failure to reinvest the taxation from them in the economy. He is right that the record on lending to small and medium-sized enterprises is woeful. Small and medium-sized enterprises, as I think all Members recognise, are the lifeblood and the engine of our economy, and he is completely right to underline that point.