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Banking (S.I., 2008, No. 432)

The Minister said that she was not prepared to accept a deal at any price, and that is rather sensible. If all the stories are to be believed, however, early in the process it was going to be £2 a share from Lloyds TSB with a £10 billion credit line, which is a far better deal than £110 billion of potential liabilities should it all go wrong. Surely to goodness, £2 a share and a £10 billion credit line is a much better deal than a potential liability of £110 billion, which we are sitting on today.