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Banking Bill

I am grateful that the Minister will consider the matter again. He said in definite terms that the Government intended to introduce permanent legislation under the power. He must think again about that. He proposes to introduce significant legislation by statutory instrument in a way that I cannot contemplate ever having happened in the past. The Minister made some excuse about market conditions affecting legislation going through Parliament. We simply do not understand that. We have demonstrated on more than one occasion that it is perfectly possible to get emergency legislation through quickly but with proper scrutiny. The Minister should be in no doubt that this is one of the most important things that we have discussed because, as the Minister is aware, we regard the recommendations—this is a very clear recommendation from the Delegated Powers Committee—as having a special status in the House. Amendment 174E agreed.