Derek McDowell (Labour)

This should have been sorted and the restructuring should have been squared with the creditors, particularly since they have the power to bring the process crashing down if they choose to exercise it. I accept the logic of the Minister's position that they are not likely to choose to exercise that power, but they have it and this should have been sorted before this. The consents or the waivers should have been in place before the legislation was put before the Houses. Given that is not the position, we are looking for the maximum possible level of reassurance from the Minister that the consents will be obtained, and at a reasonable cost.