Mr. Speaker, I want to pick up on the very last point that my colleague made with regard to the level of household debt in our country. There is no question that the level of household debt has ballooned and this is one of the reasons that undoubtedly prompted the government to say there was a need for greater financial literacy. What is ironic is that the level of household debt was caused, in part, by the decision of the Conservative government to introduce 40-year mortgages with no down payments.
My hon. colleague said that the appointment of a financial literacy officer was a good first step. Given that the situation we are in is not one that is entirely separate from the policies of the government, what measures would he propose because there is more that we could do? Could he go through some of the measures that we could undertake over and above the appointment of a financial literacy officer?