B

Baroness Twycross (Lab)

Speaking in the House of Lords on 17 March 2025

Debate

Football Governance Bill [HL]

Contribution

My Lords, I rise to speak to a package of government amendments: Amendments 51, 78, 86 and 88. I will speak to other amendments in this group in my closing remarks. The government amendments follow constructive discussions with the noble Lord, Lord Markham, who proposed an upper limit on interest that can be charged by the regulator on missed levy payments. Our amendments will impose a limit of the Bank of England base plus 5%. We believe this strikes the right balance between deterring non-payment and preventing undue burden. It also provides greater internal consistency within the Bill; the rate used for this upper limit is the same applied to missed financial penalty payments. With this amendment the regulator will maintain the discretion to set the interest for missed levy payments and could therefore set it lower than this cap or disapply it entirely. I hope this satisfies the noble Lord’s concerns on this issue, and I beg to move.

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