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Financial Services Bill

My Lords, I am grateful to both noble Lords who have spoken in this short debate, which I detect is somewhat shorter than those that we have had on the groups thus far. I particularly thank the noble Baroness for accepting the government amendment. I am grateful to the noble Viscount, Lord Eccles; while I have not been in the House for as long as him, this is the first sign that I have heard from the Conservative Benches of a venture into Hegelian philosophy. We might even at some stage move on to the derivative from Hegel, who learned so much from him; then I shall be listening to Conservative Back-Benchers commenting on Marxism. That day has not dawned yet, but if we wait long enough we may yet go into those realms of philosophy. I want to emphasise, realistically, that the noble Viscount sought to widen the debate when the issue is in fact narrow. It is about a requirement only to lay a statement, not the wider objectives of financial control. It is about making a statement on the process; therefore I hope that the noble Viscount will recognise that I understand his point. I was quite delighted when the noble Baroness suggested that I could have made a longer introduction to the government amendment, but its virtue stands in its brevity and, as she knows, I am a Lord of few words. Therefore I am grateful for her agreement. Amendment 3 agreed. Amendment 4 not moved. Amendment 5 Moved by