(13 years, 5 months ago)
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As my right hon. Friend says, there was also the Principality. That backs up my point that we need a mutual element. We need something strong in the banking industry; we need a safety net.
I will conclude now, because I have spoken for a long time, including about the valleys. Co-operatives have a huge role to play in the economy. They are central to society, and I hope that, when the Minister sums up, he will give a strong commitment to ensuring that they have an important part to play in our future economy.