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Fiscal Responsibility Bill

I think that the hon. Gentleman means Sir Michael Scholar, who is the chairman of the ONS. I have explained that point before to the House. This was money that was made available by the Bank of England as emergency support to ensure that RBS and the then HBOS could get through the crisis that we faced in October 2008. I have been asked about that and explained the position before. As I have told the Chairmen of the two relevant Select Committees, I am reflecting on how we deal with such matters in the future. With regard to the other question, the hon. Gentleman is adding together all sorts of things, including future pension liabilities. The correct thing to do is to look at our position in relation to our debt and compare that with other countries. Even though our debt is going up, by 2014 it will still be below the G7 average.