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Financial Services Bill

The right hon. Gentleman calls it rubbish, but let me say this: he was instrumental in a way that no one else in the Labour party was in designing the system that I am proposing to dismantle. He is well within his rights to get up and say, ““I defend the system that I created. I think that it is the best way of regulating financial services, and what you have come up with is wrong””, but if he believes that, he should have the courage to vote against the Bill tonight. If that is his view, he should get up and say, ““I'm going to vote against your approach because I don't think it's the right one””, but I do not think that he has the courage to do so, because he is trying to escape his past, rather than defend it.