Member

The noble Baroness and others now sadly absent on the Government Benches have constantly said that we cannot really complain about this because it is basically the same Bill that our Government came up with. In the last group of amendments, we were talking about another way in which the Bill has been significantly changed and, from where I stand, made considerably worse. Turning the backstop into a front-stop, effectively —an aggressive, interventionist approach—and bringing parachute payments within the ambit of the regulator are two crucial approaches capable of inflicting grave damage on what we are trying to protect, support, sustain and help to grow.