It is not surprising that we now have a Crisis in the Banking System.

If interest rates remain high because of the Crisis in the Banking System, many people will find current circumstances unsustainable.

It is clear from the statement today that the Crisis in the Banking System is even more serious than it appeared three months ago, that the economy is in an even more vicious downward spiral, and that the bank rescue did not work.

We must not endanger that when addressing a Crisis in the Banking System.

Our objective must be to try to prevent such a Crisis in the Banking System from arising again, and I do not think that the split that the hon. Gentleman andthe hon. Member for Twickenham (Dr. Cable) referred to would avoid the problem.