The hon. Gentleman talks about banking fraud. The laws that would have been broken would have been laws under the Labour
Government, and most of us do not believe in retrospective legislation. I agree with him that most bankers are decent people, but there have been exceptions. Unfortunately, those people did not actually break laws; they simply took appalling decisions with other people’s money, which I agree is a disgrace. As far as I know, however, we have seen no accusations of banking fraud; I could be wrong, but that is my understanding.