:00:13. > :00:15.Hello, this is Monday in Parliament, our look at the day at Westlinster.
:00:16. > :00:18.The headlines: The delayed decision on airport expansion,
:00:19. > :00:20.Labour claims it's all about one Conservative MP and would-bd London
:00:21. > :00:27.We all know that this rather grubby little announcement,
:00:28. > :00:30.if I may say so, is all abott trying to get the Conservative party
:00:31. > :00:34.and my honourable friend thd Member for Richmond Park over next May
:00:35. > :00:41.The government is accused of allowing southern England to be
:00:42. > :00:44.a parasite upon its northern neighbours.
:00:45. > :00:46.Will this Government stop patronising the north?
:00:47. > :00:51.And after global agreement hn Paris, the government's challenged
:00:52. > :01:01.on its own environmental credentials.
:01:02. > :01:07.First an announcement to Colmons that the final word on incrdasing
:01:08. > :01:11.airport capacity has been ptt back has been met with anger. Thd issue
:01:12. > :01:15.of expanding airport capacity has been a thorny one for conservatives
:01:16. > :01:20.opposed to Heathrow expansion. MPs from all sides said the current
:01:21. > :01:27.pause was more about the forthcoming May oral elections. The Conservative
:01:28. > :01:31.candidate has pledged to resign his seat if the expansion of He`throw
:01:32. > :01:37.gets the green light. For some the argument is simple, oppose `ll
:01:38. > :01:44.expansion anywhere or back ht but always somewhere else. And xes there
:01:45. > :01:47.are opportunities in the network, other national airports with global
:01:48. > :01:51.connections from cities such as Birmingham, Edinburgh, Glasgow,
:01:52. > :01:55.Manchester and Newcastle but growth you will come alongside growth in
:01:56. > :02:01.the south-east, not instead of it which is why in September 2012 Sir
:02:02. > :02:04.Howard Davies was asked to lead a commission into the issue. The final
:02:05. > :02:07.report was commissioned less than six months ago and made a strong
:02:08. > :02:12.case for expansion in the south-east. We have considered that
:02:13. > :02:17.evidence. The government accepts the case for expansion. We are
:02:18. > :02:20.continuing to consider all the schemes and we want to see `ction
:02:21. > :02:25.but we must get the next stdps right. Both for those keen to push
:02:26. > :02:32.ahead with expansion and for those who will be affected by it. So we
:02:33. > :02:35.will undertake a package of further work, first we must deal with air
:02:36. > :02:40.quality. I want to build confidence that expansion can take place within
:02:41. > :02:46.the legal limits. So we will accept the environmental committee's
:02:47. > :02:50.recommendation to test the work against the government's new quality
:02:51. > :02:54.plan. Second we must deal whth concerns about noise, I want to get
:02:55. > :03:02.the best possible outcome for this for local residents. No matter how
:03:03. > :03:05.skilfully the Secretary of State -- state tries to pretend otherwise we
:03:06. > :03:08.all know that this rather grubby little announcement if I might say
:03:09. > :03:12.so is all about trying to gdt the Conservative Party and the, my
:03:13. > :03:17.little friend the member for rent and park over the next May: that
:03:18. > :03:21.particular line. That is thd way for the government to make decisions and
:03:22. > :03:24.announcements. The government talks about the northern powerhouse as if
:03:25. > :03:29.he really believes in it but I'm sure he does, he must know that
:03:30. > :03:33.expanding Heathrow as -- is essential for the Northern
:03:34. > :03:36.powerhouse and so will he please act in the national interest rather than
:03:37. > :03:42.just making a grubby little in its bid to benefit London and otr
:03:43. > :03:46.excellent meal candidate? Wdll Mr Speaker I am very glad that my
:03:47. > :03:51.honourable friend is showing support to the Northern powerhouse. It is
:03:52. > :03:57.like something straight frol yes Minister. What do we want? @irport
:03:58. > :04:02.expansion! When do we want ht? At the appropriate juncture in the film
:04:03. > :04:06.is of time after umpteen enpuiries, reports and working groups `nd the
:04:07. > :04:11.cost of millions of pounds to the taxpayer, all for a by-election in
:04:12. > :04:14.Richmond Park. He used to bd indecisive but now he is not so
:04:15. > :04:20.sure. Will the government gdt on with it as the country expects?
:04:21. > :04:28.Madam Deputy Speaker I am still waiting to hear as it is such a
:04:29. > :04:33.simple, easy answer, what the SNP's position is on this matter, what
:04:34. > :04:36.scheme do you support? They are silent on it, the what everxone else
:04:37. > :04:41.to give the answers so once the decision is made they can attack it.
:04:42. > :04:45.The Secretary of State has come here to read because all into thhnking
:04:46. > :04:48.that he is the most incompetent and indecisive minister, Secret`ry of
:04:49. > :04:53.State there has ever been btt no one is fooled by his attempt to take a
:04:54. > :04:58.hit on behalf of the honour`ble member for Richmond Park. This is a
:04:59. > :05:03.fix for next year's mural election and nothing else and not th`t
:05:04. > :05:13.anything that is in the nathonal interest. I am going to do ht again,
:05:14. > :05:18.the Shadow Chancellor has jtst said that was a covenant, I think what I
:05:19. > :05:22.would say to the honourable member and he has been here for all of the
:05:23. > :05:26.exchanges, is it is not my honourable friend for Richmond who
:05:27. > :05:30.changed his position on whether the -- on whether Heathrow should be or
:05:31. > :05:35.not it is the rate moral melber for tooting who when he was transport
:05:36. > :05:37.Minister supported Heathrow and said he was firmly in favour of
:05:38. > :05:39.Heathrow's expansion. Sports Direct is a bad advert
:05:40. > :05:41.for British business - a former Labour frontbencher
:05:42. > :05:43.has told the Commons. Chuka Umunna has a branch
:05:44. > :05:45.of the sportswear chain in his constituency
:05:46. > :05:47.and asked an urgent question Media reports at the weekend
:05:48. > :05:55.suggest staff are subject to 15 minute searches at the end
:05:56. > :05:58.of a shift which are not included I share the honourable Gentleman s
:05:59. > :06:02.concern that working people are paid the full amount that the law
:06:03. > :06:05.requires for every hour that they work, and I welcole
:06:06. > :06:07.his urgent question. We take the enforcement of linimum
:06:08. > :06:10.wage laws very seriously. That is why we have increasdd
:06:11. > :06:14.the enforcement budget from ?8. million in 2010 to ?13.2
:06:15. > :06:19.million in 2015-16. While I am not able to commdnt
:06:20. > :06:22.on enforcement action in relation to individual employers,
:06:23. > :06:24.I can assure the House that Her Majesty s Revenue
:06:25. > :06:27.and Customs follows up everx complaint it receives
:06:28. > :06:29.in relation to breaches I encourage any employer or worker
:06:30. > :06:34.who is concerned that these laws are not being complied
:06:35. > :06:37.with in their workplace to contact HMRC or ACAS, through its
:06:38. > :06:46.confidential hotline. As a Government, our messagd
:06:47. > :06:49.to employers is straightforward We will work to reduce burddns
:06:50. > :06:51.on business by cutting regulation In return, we expect employdrs
:06:52. > :06:58.to pay working people at le`st a decent legal minimum`the
:06:59. > :07:02.national minimum wage and, from next April, the nation`l living
:07:03. > :07:06.wage for workers aged 25 and over. I can assure the House
:07:07. > :07:09.that we will not hesitate to crack down hard on employers,
:07:10. > :07:11.large and small, who break this social contract by failing to pay
:07:12. > :07:19.the wage that the law requires. We know enough about the pr`ctices
:07:20. > :07:22.at Sports Direct plc, which has a branch in my
:07:23. > :07:25.constituency, to conclude that this company is a bad advert for British
:07:26. > :07:30.business and one with a culture of fear in the workplace,
:07:31. > :07:32.which we would not wish As the Institute of Directors
:07:33. > :07:38.has said, it is "a scar Finally, I have no doubt
:07:39. > :07:45.that the reaction of the employer concerned will be to say,
:07:46. > :07:47."We comply with the law," btt surely what it needs to understand
:07:48. > :07:50.is that the British public dxpect We often do not do things
:07:51. > :07:55.that the law allows us to do, because we do not think that
:07:56. > :07:58.that is the right way Surely that should apply
:07:59. > :08:02.to the company in this case. Even when great social reforms
:08:03. > :08:04.become part of the political consensus, they still
:08:05. > :08:06.have to be fought for. The battle to sustain and enforce
:08:07. > :08:10.the minimum wage must be continuous and, frankly, requires more
:08:11. > :08:15.than just warm words from Mhnisters. The TUC estimates that at ldast
:08:16. > :08:18.250,000 workers are not being paid In the last Parliament,
:08:19. > :08:29.it was revealed that just nhne firms had been charged for non-colpliance
:08:30. > :08:37.with the minimum wage. I am happy to acknowledge
:08:38. > :08:40.that the national minimum w`ge was one of the great achievdments
:08:41. > :08:43.of the Government led by Tony Blair. I note simply that there ard more
:08:44. > :08:46.supporters of that Government s achievements on this side
:08:47. > :08:48.of the House than on the hon. I look forward to receiving
:08:49. > :08:52.the same acknowledgement from Opposition Members when,
:08:53. > :08:59.next April, we introduce the national living wage,
:09:00. > :09:03.which is significantly highdr than any increase in the national
:09:04. > :09:05.minimum wage he and his colleagues proposed during the last
:09:06. > :09:12.election campaign. Does the Minister recognise that
:09:13. > :09:14.what is so disturbing about the newspaper report
:09:15. > :09:17.is the fear among many In some instances, women
:09:18. > :09:23.are apparently not willing to stay away from work, even if thehr child
:09:24. > :09:26.is sick for a day, simply My constituents have approached me
:09:27. > :09:36.with concerns about Sports Direct on several occasions
:09:37. > :09:41.since the election. It appears that Sports Direct can
:09:42. > :09:43.sometimes make somewhat aggressive use of and have a somewhat
:09:44. > :09:45.aggressive attitude Flexible working can suit some
:09:46. > :09:51.people, but does not When it comes to such
:09:52. > :09:57.employment laws, has my hon. Friend given any thought
:09:58. > :10:00.to a general anti-avoidance rule, such as the one we are
:10:01. > :10:09.considering in the tax sphere? The minister replied
:10:10. > :10:12.that he hadn't considered it - but the idea had now been ahred
:10:13. > :10:16.and he was happy to talk The government was accused
:10:17. > :10:19.of "patronising" the north of England in communities qtestions
:10:20. > :10:21.with its northern powerhousd The veteran Labour MP Barry Sheerman
:10:22. > :10:26.said southerners "live parasitically" on the
:10:27. > :10:28.efforts of the north. But the government insisted
:10:29. > :10:30.the powerhouse could make This year, the Government
:10:31. > :10:36.invested over ?113 million in high-performance computing in my
:10:37. > :10:40.constituency at the Hartree Centre, a joint venture between the Science
:10:41. > :10:44.and Technology Facilities Council and IBM bringing high skill,
:10:45. > :10:49.high wage jobs to Weaver Vale. Does my honourable Friend agree that
:10:50. > :10:51.investment in technology and science is key to the growth
:10:52. > :11:02.of the northern powerhouse? Friend s important and signhficant
:11:03. > :11:05.work in this area. He is a passionate advocate
:11:06. > :11:07.for his constituency This is just one more example
:11:08. > :11:10.of Government investment in the north to build
:11:11. > :11:12.the northern powerhouse Will this Government stop
:11:13. > :11:15.patronising the north? Give us the investment
:11:16. > :11:19.in infrastructure. We are the people who still make
:11:20. > :11:22.things in this country. Many people in this part
:11:23. > :11:28.of the world`London and the south`live
:11:29. > :11:30.parasitically on our efforts. I welcome the honourable
:11:31. > :11:38.Gentleman s enthusiasm The Government recognise
:11:39. > :11:42.the potential of the north The north can make a differdnce
:11:43. > :11:49.if it is invested in, and, crucially, if the people
:11:50. > :11:52.of the north are given real control That is what the devolution agenda
:11:53. > :11:59.is about and what some of the investments
:12:00. > :12:01.I spoke of are about. It will make a real difference
:12:02. > :12:05.to his constituents and to line The Minister will be aware
:12:06. > :12:07.that the Scottish Government procure 46% from small and medium-shzed
:12:08. > :12:10.enterprises compared to the UK Will he look at the Glasgow
:12:11. > :12:14.and Clyde Valley city deal, which has a supplier development
:12:15. > :12:17.programme to encourage SMEs? City deals can be key
:12:18. > :12:20.drivers for growth. I welcome those that have already
:12:21. > :12:23.been agreed and we continue to have talks, including with some
:12:24. > :12:26.of the great cities and citx regions in Scotland, on where we can go
:12:27. > :12:30.further and what more we can do On behalf of the whole Housd,
:12:31. > :12:33.we thank all hard-pressed and often low-paid council staff and others
:12:34. > :12:36.who even now are helping those areas of the north so badly affected
:12:37. > :12:41.by the recent flooding. In contrast to the rhetoric
:12:42. > :12:44.about the northern powerhouse, the Office for National Statistics
:12:45. > :12:49.recently reported that the north is falling further behind
:12:50. > :12:53.as a result of under-investlent The average Londoner now produces
:12:54. > :12:57.?42,000 a year added value, while in the north-east
:12:58. > :13:01.the average is only ?18,000. In the place of more cuts,
:13:02. > :13:04.will the Minister now include specific, substantial and urgent
:13:05. > :13:06.northern investment in his local government settlement
:13:07. > :13:10.later this week? The honourable Gentleman rahses
:13:11. > :13:15.the important point that our economy The whole point of the northern
:13:16. > :13:20.powerhouse project is to address that imbalance, ensuring we unlock
:13:21. > :13:22.the significant growth potential that exists across the north
:13:23. > :13:24.and the contribution the northern We can see, from a number
:13:25. > :13:31.of the announcements, that that investment is going in,
:13:32. > :13:39.but more importantly it is going in hand-in-hand
:13:40. > :13:41.with local control, giving control to the people who know best how
:13:42. > :13:44.to grow the economies of thd north because they live in them
:13:45. > :13:47.and are part of them. The communities minister,
:13:48. > :13:48.James Wharton. You're watching
:13:49. > :13:49.Monday in Parliament. Still to come: the House of Lords
:13:50. > :13:52.concedes over the latest attempt The Government has hailed
:13:53. > :13:59.the 'historic' agreement to tackle climate change reached by 200
:14:00. > :14:01.countries at the weekend in Paris. But in the Commons,
:14:02. > :14:04.opposition MPs were puzzled, saying it clashed with
:14:05. > :14:06.the Government's record The Paris agreement truly m`rks
:14:07. > :14:14.an historic turning-point. It builds on the Kyoto protocol
:14:15. > :14:17.and for the first time ever provides the comprehensive framework
:14:18. > :14:22.in which not just developed countries, but nearly every country
:14:23. > :14:27.of the world has committed to take the global action needed
:14:28. > :14:31.to solve a global problem. Of course, it was hard fought
:14:32. > :14:33.and of course it required compromise Of course, too, it has not solved
:14:34. > :14:38.every problem in one go. Now we have to set about
:14:39. > :14:40.implementing the commitments made, but we should not underestilate
:14:41. > :14:43.the significance of All parties have recognised that
:14:44. > :14:50.economic and global securitx requires us to tackle
:14:51. > :14:55.climate change. All have come together to commit
:14:56. > :14:58.to a single goal`net zero c`rbon All have agreed to set out plans
:14:59. > :15:03.to curb emissions and to be held This is a moment to celebrate,
:15:04. > :15:14.not because the agreement is sufficient - we must be honest
:15:15. > :15:19.about the fact that the pledges made by each country do not add tp
:15:20. > :15:22.to a commitment that will kdep temperature rises well
:15:23. > :15:24.below two degrees - but because it gives us
:15:25. > :15:28.enough to take us much, much closer to climate safety,
:15:29. > :15:34.and sends a clear signal to global financial markets that the dra
:15:35. > :15:37.of unchecked fossil fuel usd But she said the Chancellor George
:15:38. > :15:42.Osborne has just cut a fund for carbon capture
:15:43. > :15:45.and storage or CCS. In Yorkshire and Scotland,
:15:46. > :15:49.communities, scientists and engineers are reeling
:15:50. > :15:53.from the Chancellor s decishon Can the Secretary of State tell us
:15:54. > :15:59.today that that decision The Government have wasted no time
:16:00. > :16:04.in blocking new wind farms dven where they enjoy strong loc`l
:16:05. > :16:06.support, and have made severe and short-sighted cuts in energy
:16:07. > :16:12.efficiency and solar power schemes. Thousands have lost their jobs,
:16:13. > :16:31.and thousands more could It was a tight spending revhew with
:16:32. > :16:39.the Treasury. We made a dechsion not to proceed with it. I believe that
:16:40. > :16:42.CSS is going to play an important part in the carbonate in future and
:16:43. > :16:48.we will work internationallx to make progress on that.
:16:49. > :16:55.who made her eloquent statelent extolling the virtues
:16:56. > :16:58.of the low-carbon economy, and the one who answered qudstions
:16:59. > :17:01.and reiterated some of the `ppalling betrayals that the green economy has
:17:02. > :17:03.suffered at the hands of this Government.
:17:04. > :17:05.She said in her statement that there are no excuses,
:17:06. > :17:08.but for the past six months I have heard excuse after excuse.
:17:09. > :17:15.On the solar feed-in tariffs ` excuses.
:17:16. > :17:17.On carbon capture and storage ` excuses.
:17:18. > :17:20.On the Green Investment Bank ` yet more excuses.
:17:21. > :17:22.Will she rethink those policies and reinvest in them,
:17:23. > :17:33.In all the acres of media coverage of the Paris agreement,
:17:34. > :17:36.George Monbiot sums it up bdst: By comparison to what it could have
:17:37. > :17:44.By comparison to what it should have been, it s a disaster. I wdlcome
:17:45. > :17:47.the inclusion of the 1.5 degrees goal, but it is meaningless
:17:48. > :17:49.without policies to deliver it`in particular, keeping the vast
:17:50. > :17:51.majority of fossil fuels in the ground.
:17:52. > :17:54.Will the Secretary of State tell us how the Government s recently agreed
:17:55. > :17:57.duty to "maximise" the economic recovery of oil and gas is `nything
:17:58. > :17:59.other than completely incompatible with what she has just signdd up
:18:00. > :18:07.I am going to interpret that as a cautious
:18:08. > :18:13.There is an element of this deal that she must agree is rathdr
:18:14. > :18:14.extraordinary: having 200 countries participate.
:18:15. > :18:17.The answer to her question is that we cannot take any risks
:18:18. > :18:22.Maximum economic recovery is absolutely a commitment
:18:23. > :18:31.We have to make sure that wd protect energy security while growing our
:18:32. > :18:38.The Parliamentary ping pong over lowering the voting age to 06
:18:39. > :18:40.in the EU referendum has come to an end.
:18:41. > :18:43.After some feisty exchanges, the House of Lords rejected another
:18:44. > :18:47.attempt to give 16 and 17-year-olds the vote.
:18:48. > :18:51.Last week, the Commons rejected a proposal for votes at 16 ,
:18:52. > :18:56.added by the Lords to the ET Referendum Ways and Means.
:18:57. > :18:59.The Home Office Minister urged peers to accept the Commons' view.
:19:00. > :19:01.And he pointed to a ruling by Commons clerks asserting
:19:02. > :19:02."financial privilege" over the Lords.
:19:03. > :19:05.By convention, the Upper Hotse does not pursue measures that
:19:06. > :19:11.We do not believe that it is appropriate to lower the voting age
:19:12. > :19:15.to 16 and, even if it were, this Ways and Means would not be
:19:16. > :19:27.It should come as no surprise that the original amendment
:19:28. > :19:30.that we sent to the House of Commons, lowering the voting age,
:19:31. > :19:35.was deemed to engage the Hotse of Commons s financial privhlege.
:19:36. > :19:37.The Government estimate that extending the franchise to 06
:19:38. > :19:44.and 17-year-olds for the referendum would cost at least ?6 millhon.
:19:45. > :19:47.He said there was a real danger in changing the franchise
:19:48. > :19:51.Rightly or wrongly, a changd to the franchise may be seen
:19:52. > :19:57.as an attempt to engineer the result, and that perception
:19:58. > :20:06.would damage the public's confidence in the result of the vote.
:20:07. > :20:09.Labour explained its latest plan to lower the voting age.
:20:10. > :20:12.We have determined to submit a new amendment that will address
:20:13. > :20:19.First of all, we dispute thd amount that the Government have suggested
:20:20. > :20:25.this amendment would cost: ?6 million.
:20:26. > :20:32.In the context of Government expenditure of ?760 billion,
:20:33. > :20:41.We are talking about one 1,000th of 1% of the budget.
:20:42. > :20:48.The reality is that the House of Commons has decided to invoke
:20:49. > :20:51.financial privilege ` not that it is this or that amotnt.
:20:52. > :20:57.It has the right to invoke financial privilege and the actual amount
:20:58. > :21:09.I do not think that the amotnt is irrelevant.
:21:10. > :21:12.One of the points that I will come on to is the threshold
:21:13. > :21:18.It is like a dark art - no one has any idea
:21:19. > :21:24.what it is and there is nothing written down anywhere.
:21:25. > :21:29.But if it is the Commons Cldrks who are unelected and unaccountable,
:21:30. > :21:33.who decide what is subject to financial privilege,
:21:34. > :21:35.at the very minimum we need extremely clear and transparent
:21:36. > :21:42.procedures for determining this as they have such a major ilpact
:21:43. > :21:48.on the ability of this Chamber to influence policy decisions.
:21:49. > :21:56.It is of course the Speaker who decides, advised by the Clerks.
:21:57. > :22:05.In 2012, we were told by thd noble Lord, Lord Strathclyde,
:22:06. > :22:09.that the Speaker, as the Minister says, is advised by the Clerks,
:22:10. > :22:11.but the Clerks are not expert in the financial
:22:12. > :22:15.Therefore, they consult the Government and so the Government
:22:16. > :22:25.I thank the noble Lord for enlightening us on that point.
:22:26. > :22:32.The Liberal Democrats also want to lower the voting agd.
:22:33. > :22:35.One of the oldest tricks in the Whips' trade ` I used to be
:22:36. > :22:38.a Whip ` when you are losing an argument is to change
:22:39. > :22:42.That is, effectively, what the Government are now doing.
:22:43. > :22:45.They have moved from trying to defend the inconsistency
:22:46. > :22:50.of the franchise for the Scottish independence referendum compared
:22:51. > :22:56.to that for the forthcoming European referendum to insisting that a clear
:22:57. > :22:58.majority of your Lordships' House should be ignored on the grounds
:22:59. > :23:03.that we voted in a way that will cost money.
:23:04. > :23:06.Whether it was a trick or not, the Government got its way!
:23:07. > :23:08.The House of Lords voted against lowering the voting age
:23:09. > :23:15.MPs are considering whether to force the naming of staff at a former City
:23:16. > :23:20.regulator who decided to lilit investigations into top
:23:21. > :23:28.Their names have been kept out of a report into the work
:23:29. > :23:31.Written by Andrew Green QC as he explained to
:23:32. > :23:42.You've made clear view disappointment at the remov`l of a
:23:43. > :23:46.number of names. We're talkhng about individual responsibility.
:23:47. > :23:50.Individuals have to be named if they are responsible. Perhaps yot could
:23:51. > :23:57.explain to the committee and those listening what your concerns were.
:23:58. > :24:01.The view I took was that evdrybody I identify in my report, their names
:24:02. > :24:07.should appear in the final version of the report is of the view I took
:24:08. > :24:10.was there ought to be full transparency. The view that the
:24:11. > :24:17.regulators took was that thdy did not want to identify any further FSA
:24:18. > :24:20.employees below the level of director so that would incltde heads
:24:21. > :24:25.of department and managers `nd anybody below as well. I made it
:24:26. > :24:31.very clear that I took the view there should be full transp`rency.
:24:32. > :24:37.The regulators obviously disagreed. The reason I raise it is thd
:24:38. > :24:42.committee has the authority if it wants to exercise it to reqtire the
:24:43. > :24:47.provision of these names. Wd all have to take a view ourselvds in
:24:48. > :24:51.private session about this `nd therefore any guidance about this
:24:52. > :24:59.you have, we have no intenthon of wanting to go on any witchhtnt. We
:25:00. > :25:04.want to do this in the publhc interest, spending 7 million or
:25:05. > :25:09.whatever it is making their support, we want to improve regulations in
:25:10. > :25:12.this country. People want gtidance from you and the specialist advisers
:25:13. > :25:17.we appointed to help us comd to a decision. I think it is verx
:25:18. > :25:21.difficult for me to say mord than I have said already. I regard it as an
:25:22. > :25:25.unsatisfactory situation and take the view there should be full
:25:26. > :25:31.transparency. As far as I'm concerned, regulators' reason were
:25:32. > :25:33.not sufficiently compelling to remove the names and in the
:25:34. > :25:38.circumstances I remain of the view... You are saying a public
:25:39. > :25:40.interest override the concerns expressed? Indeed.
:25:41. > :25:45.The Financial Services Authority was scrapped in 2013 and replaced
:25:46. > :25:51.I'm back at the same time tomorrow, but until then, goodbye.