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Business of the House

Lord Myners is accountable to the House of Lords, and he was accountable in the proceedings there on Monday. It might not seem important to Opposition Members, but it was very important that the Government took action to ensure that RBS was still standing. I pay tribute to all the Business, Enterprise and Regulatory Reform Ministers and Treasury Ministers who were involved in ensuring that RBS did not collapse altogether, as that would have had devastating results. I also congratulate the officials in those Departments who worked with the banks to ensure that outcome. Perhaps hon. Members should focus on that as well as the pension point.