Member

If the Minister has not had a chance to look at that report yet, I hope she will and that she will bear in mind some of the points that my noble friend highlighted to us as we look at the bringing about of a new regulator. It is important that the Committee looks again at the real-life examples of regulators that Parliament has established over the years, to see how their scope increases. Their costs go up and they are tempted, both by contributions made in Parliament and by pressures put on them by vocal people who may not always represent the mean opinion of a sector, to take their work in further and new directions.