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Fraud: EU Committee Report

My Lords, I hear what the noble Lord says about rattling the cage but he is rattling the cage of my time. I am meant to respond to this debate in 20 minutes and he has already eaten up a minute and a half of that after he has brought that point into the debate. I apologise for not having spoken specifically about the banking sector, but when we say that the Revenue uses all the weapons which it can to tackle this issue, of course the banking system has a role to play within that. I cannot comment on the particular bank that he identified but I assure him that we are so concerned about this issue, as, indeed, are our partners in Europe, that the forces of law and order will take every measure they can to bring the perpetrators of these fraudulent activities to book.