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Financial Services Bill

I am grateful to the noble Lord for clarifying his position. Perhaps I should not have prayed him in aid in relation to the Government’s position, and I withdraw my remarks that might have given that indication. However, he will fully accept the burden of the Government’s position. Of course we regard the high-level objectives as a matter of considerable public concern, and they should be open to full debate. However, we are talking about the mechanics and the process of the three parties, and we are against the concept of those being put out to wider consultation. Therefore, by definition, if we are against the principle of Amendment 9, we are obviously against Amendment 10. I hope the noble Baroness will withdraw the amendment and not move Amendment 10.