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Banking (Responsibility and Reform)

My right hon. Friend makes a good point. We should, of course, spare a thought for the employees whom she mentions. It matters because, as the Governor of the Bank of England said last month, people have seen an extraordinary squeeze in their living standards, but the institutions and bankers at the centre of the crisis that created those problems are not only not suffering a gigantic squeeze on their living standards but continue to get very high remuneration, in part because the taxpayer has been forced to step in and bail them out.