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AMENDMENT OF THE LAW

I endorse the right hon. Gentleman’s robust support for the private equity and venture capital industry. Does he agree that one of the main concerns arises from the sheer level of debt involved and the complex debt instruments that could create the possibility of a collapse? Obviously, we hope that that will not happen. In many ways, those complex instruments—many people, even in the City, do not fully understand their implications—are at the heart of a possible longer-term problem.