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Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008

I cannot sing along with that mobile phone, which is a great pity. Perhaps I could if I could get the tune. Lastly, will the Minister say what estimates have been made of the cost of the valuation process? Perhaps that should have been dealt with in the impact assessment for this order, which the Minister himself signed, but it is silent, so this is the Minister’s opportunity to inform the Committee. At the same time, will he update the Committee on the likely cost of the Northern Rock valuation process? I understand that a fixed fee was agreed with the valuer but that a lot of other costs for staff are included and that various advisers are now working for the valuer. Therefore, the fixed fee that was put into the public domain is by no means the end of the valuation story for Northern Rock. Perhaps the Minister would care to compare that likely cost, which is based on a much more prescriptive valuation base, with what is now expected for Bradford & Bingley.