Member

It is for the Government to set out their case for the solution they have brought forward and to explain some of the detailed and technical differences from what we were expecting last year. The Minister has already covered a lot of that in her opening remarks. The industry was pushing back against a 5% cap on state-owned investment a year ago, arguing then that it was far too restrictive and that it would need to be higher. I find it so frustrating that it has taken the Government a year to get to this point and, as we have already heard, we still need a further set of regulations to be laid to address a serious loophole that exists in the ones before us.