It is always a pleasure to take an intervention from the hon. Gentleman. I will come on to that point.
I have no doubt that the Secretary of State read the same National Audit Office report that I did on the growing financial crisis in further education. It was that report that recommended the creation of an insolvency regime. That recommendation is in the Bill, but it would be alarming if that were the only response on offer. The Secretary of State seems to be aware that dozens of providers are reaching crisis point, but instead of deciding that something needs to be done about it, she seems to think that we should be helping that process along. While Labour Members call for investment, Government Members offer insolvency.
This Bill offered the Government an opportunity to improve the situation faced by providers and students. Instead, they seem content with managed decline. We should make no mistake that the decline of a sector that helps more than 4 million people every year will fail not only them, but the needs of our economy and society as a whole. For that reason, I urge the Secretary of State to look again at the opportunities that may have been missed in this Bill. We will not oppose the Bill tonight, but we will most certainly seek to improve it.
5.11 pm