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Debt Relief (Developing Countries) Bill

Does my hon. Friend accept that the arrangements relating to the wind-down of banks that were required as a result of the credit crunch—which led to criticism from Opposition Members—were necessary because the public could not continue to underwrite the UK banks' losses in an unsustainable way? There is a similar argument for initiating an orderly wind-down of the debts of developing countries. Again, this would protect the interests of British taxpayers, who are having to underwrite those losses as well.