---

Financial Services Bill

I am delighted to hear that and look forward to hearing what the OFT has to say to demonstrate that it is going into battle again. On competition, part of the problem is that at the moment the competition, such as it is, is between three or four rather similar institutions. We want a much better and more competitive market, with some new entrants and totally different sorts of providers. At the moment, HSBC, Barclays, RBS and Lloyds are all similarly huge, monolithic organisations, with similar charging structures and similar services. If we had a much more competitive market, with new entrants such as Tesco and everybody else, that would help the competition argument, with which I agree, that the Minister is propounding.