I would like to thank Dawn Bowden for giving me a minute of her time in this debate. Credit unions can play an active role in the financial education of young people. Newport Credit Union, with nearly 1,000 union savers, runs school savers clubs in four primary schools. With the help of teachers, parents and school governors it teaches children the value and importance of saving money. This is absolutely crucial. It was my pleasure to welcome the Cabinet Secretary to one of the savings clubs at Pillgwenlly Primary School recently. I’m sure he’d agree that it was great to hear from the young people about their enthusiasm for saving and what they were saving for. Newport Credit Union intends to go further and set up savings clubs in high schools, where the pupils themselves run the clubs and take some responsibility for the collection points. These are fantastic initiatives that must be encouraged and supported to ensure the next generation understands the importance of savings and the dangers of debt.