Member

That is probably all I have time to say. We will come back to many of the details next week, but the Government recognise that the use of this power would be a significant intervention. We also recognise the need to tread cautiously and with scrupulous regard to the impact on savers. This measure has been designed in exactly that spirit. I look forward to discussing all this in more detail, but the powers are an important part of the Government’s overall package and, as such, I respectfully request that noble Lords do not press their amendments.