Chris Bryant

Of course, I would like to be able to move faster, but as the hon. Gentleman said to me last week in Committee and in various different places, this is not an easy knot to untie. It will require a great deal of goodwill from a large number of people to secure a settled outcome that works for everybody. I still believe that there could be a win-win situation, but that will happen only if we can gather everybody around the same table in order to deliver it. I am perfectly happy to provide leadership, and to be punched in the nose for providing that leadership if people think that I have got it wrong, but I do not think that is the problem at this particular moment. Let me give the hon. Member for North Dorset (Simon Hoare) one reason why I think Lords amendment 49B does not really work. Yes, we all agree that we should introduce transparency measures—although it is difficult to work out precisely how they would be proportionate and effective and work equally for big and small companies—but there is no point in having transparency measures unless we have an enforcement measure. An element of the proposed new clause refers to enforcement, but it basically asks the Secretary of State to draw up that enforcement. One would not expect to be able to do that in any other area without a full Bill devoted solely to that purpose. I wish that I could move faster, but I do not want to move faster than is required to secure an outcome.