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Equitable Life

As I have said, my hon. Friend the Economic Secretary will update Members of the House on the progress made. Again, we will need to take a wide range of issues into account. Clearly, we do not want a judicial process that takes many years, and it is not at all Sir John's intention to have one. We are talking about an ongoing process in which we will work with him, and we will receive his conclusions or findings as he comes to them on a monthly basis. I cannot give my hon. Friend a specific undertaking about a particular timetable, because I do not know how long it will take to complete that work.