Member

The Bill presents a clear opportunity for the Government to act on the findings of Lesley Titcomb’s important review; to implement her considered and constructive recommendations; to echo specifically the comment made by the noble Lord, Lord Davies, and mentioned by the noble Baroness, Lady Drake, that recommendation 18 would allow the PPF levy to fall to zero, if the PPF board so decides; and to retain the freedom to reintroduce the levy should market conditions change. Will this recommendation be included in the forthcoming legislation? This balanced approach would allow for responsiveness to both positive and negative economic shifts, ensuring the long-term sustainability of the PPF while offering timely relief, where appropriate.