It was fainter praise than good.
I am grateful to my hon. Friend the Member for Stone (Mr Cash) for his kind words. I am glad that we were able to accommodate the two debates that he was keen to have. I welcome the contribution of the hon. Member for Brent North (Barry Gardiner), the characteristic tour de force on Waterloo day from my hon. Friend the Member for North East Somerset (Jacob Rees-Mogg) and the flinty contribution of the hon. Member for Linlithgow and East Falkirk (Michael Connarty), who shares many of the views of my hon. Friend the Member for Stone on the primacy of this place.
This has been a fascinating and enlightening debate. We have discovered that the policy of the Opposition in calling for a financial transaction tax turns out to be to call for an additional financial transaction tax. As has been clear from the exchanges across the House, we already have a financial transaction tax in this country; it is called stamp duty. The hon. Member for Nottingham East made it very clear that he proposes an additional tax on British savers, pensioners, mortgage holders and business of up to £10 billion. He said that that would come not from the magic—