Member

This is nothing to do with what I just said, but removing it from the Bill has the unintended consequence of not giving guidance to the regulator that it has to have due regard to foreign and trade policy objectives—that is now removed from the Bill—but allowing it to focus exclusively on the significant issue of influence. I simply put the point that the regulator therefore has no protection. Given that the regulator has to deem on influence, does the Crown Prince of Saudi Arabia, who has influence as chair of the PIF, which owns Newcastle, fall within the context of the regulation that this Government are putting before the House without the clause that was previously in the Bill? The answer is yes.