SIR FRED GOODWIN

That this House expresses its deep frustration that despite being largely responsible for the decisions that led to the Royal Bank of Scotland requiring the largest bailout in British history and of any bank worldwide, at a cost of 45.5 billion, more than 2,300 for each family in the UK or the entire defence budget, Sir Fred Goodwin retains his title; recalls that his Knighthood was given for `services to banking'; and believes that in light of his actions, which have been singled out in the recent Financial Services Authority report as an overwhelming failure of top level corporate governance, it is perverse and unacceptable that he should retain this title, which should be forfeited so as to better reflect the severity of his actions and depth of his management failure.