I appreciate that reminder, Sir Roger. My comments about social responsibility are in the context of why we have a bank levy at all and why it has been an important part of the Government’s focus in, quite rightly, raising the billions of extra revenue.
I promise that I will take only a few seconds more. There was some comment earlier about the effect of taxation. Someone mentioned the Laffer curve, which is well known to Members. It was certainly well known to the former Member for Gordon and the former First Minister of Scotland, Alex Salmond, who used to regularly quote the Laffer curve in his models. He argued with great eloquence in many places—perhaps he even did so here, I cannot be sure—for lower corporation tax. That was one of the things that Alex Salmond absolutely stood for. The lack of any intervention on me means that I am obviously not going to be corrected on that score.
8.15 pm
I read in the Scottish edition of The Sunday Times yesterday that Arthur Laffer has analysed the tax changes that the Scottish Government announced last Thursday in their annual Budget statement and found them wanting. He warns us that Scotland—[Interruption.] I am talking about this in the context of the bank levy, because bankers’ bonuses were mentioned. We are talking about the effect of taxation on incentive. Arthur Laffer warns us that Scotland is likely to be on a par with Greece—a place where enterprise and hard work are discouraged.