Michael McCarthy (Labour)

I remind the Minister of State that we live in changed economic times. This provision may affect people who may well have met the criteria set out in this section in the past and are worthy of consideration for membership of the board. In light of the ever changing economic fortunes of the country and the unfortunate economic circumstances facing many individuals, the amendment should be accepted. Given the manner in which Members are losing income through pay cuts, pension and income levies and, more recently, foregoing their pensions, as someone stated this morning, by the time we leave the House some of will qualify for family income support. Even the Minister of State may fall into the bankrupt category before the term is out.