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Banking Bill

My noble friend knows that I am married to an Icelander and that I am in regular contact with my family in Iceland. The Icelandic people were told that the reason for using this legislation on terrorism was that there was no alternative; it was the only legislation available. The presumption that the people in Iceland made was that, when the opportunity arose, we would either amend the existing legislation or new legislation would be introduced. In doing so, we would show the Icelandic people that we were genuine in taking our original action. My noble friend appears to be backing away from that as a proposition and justifying the existence of legislation that the Icelandic people find offensive. I find it difficult to understand why there cannot be a little more flexibility in the Government’s position.