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Banking Bill

The point that I made was that it would have been good to have the present Bill a bit earlier, so that we would not have needed those emergency powers. However, that was my Second Reading speech on the previous Bill, so we will wait for today's speech. On the specific point about the code of practice, which is absolutely crucial to the Bill—it is how the special resolution regime will actually operate, be triggered and so on—can the Chancellor assure us, in the spirit of our co-operation, that the Government will publish it as soon as possible so that we can debate in Committee how the bank failure regime will operate, which is at the heart of the Bill?