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The Economy

I am glad to know that the right hon. Gentleman concentrates so hard with his eyes closed and his shoulders shrugging. I was asked about the asset protection scheme that we have set out the great details of and put into place. I was also asked about the recapitalisation that took place earlier in the year. In exchange for those, we have lending agreements that have been signed up to by the major banks. For RBS, the agreement is worth £25 billion of additional lending and for Lloyds, it is worth £4 billion of additional lending. The right hon. Gentleman will recognise that we cannot get banks lending if they do not stand up in the first place. That is why it was so important to prevent the banks from going under earlier this year.