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Sale of Student Loans Bill

Happiness does not come that easily in these matters. I want to retain flexibility for future circumstances. I shall explain what I mean by that. I understand amendment No. 9 to be intended to make it mandatory to follow one or other of the alternative approaches, although, as drafted, it would make both mandatory, which makes no sense. We think it likely that one or other of those mechanisms will be appropriate, but it would not be right to make it mandatory to use one or other of them, as another contractual device to achieve the same end might be more appropriate, or become so in the future. For that reason, I cannot accept amendment No. 9.