Member

It would be nice to have that broad set of criteria as soon as possible and for it to be shared with Parliament. To be asked to pass this amendment before we know what on earth the judgments will be, what they will be based on, or who the polymath will be who can somehow convincingly second-guess the market is asking quite a lot of us. I can see how the amendment adds something to the accountability side, but that something is very vague. I hope that there will be more efforts by the Government before long to give us a clearer idea of what “effectiveness” is, how it will be judged, how much the market will be overridden by views in five years’ time, and whether, in fact, it is going to work at all.