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Lending (Regulation) Bill

With all due respect, the hon. Gentleman is being slightly unfair in his description of what the Government are seeking to do. We support the principles underlying the Bill. I have made clear our support for one of the clauses, largely as drafted, and for the principles behind another, and we will seek to achieve a third set of provisions through existing powers, but I cannot support the final clause. With that explanation of the Government's position, I have made it clear that the Government support the Bill's progress, and I commend it to the House.