We now come to the Select Committee statement. The Chair of the Business and Trade Committee, Liam Byrne, will speak for up to 10 minutes, during which no interventions may be taken. At the conclusion of his statement, I will call Members to ask questions on the subject of the statement, which should be brief and not full speeches. I emphasise that questions should be directed to the Select Committee Chair, not the relevant Government Minister. Front Benchers may take part in questioning. I call Liam Byrne.