L

Lord Jackson of Peterborough (Con)

Speaking in the House of Lords on 27 November 2024

Debate

Football Governance Bill [HL]

Contribution

The noble Lord references Amendment 10 tabled by the noble Baroness, Lady Taylor of Bolton. Will that amendment not potentially embed in primary legislation an economic concept of moral hazard? It is an economic term: a situation where a party has an incentive to take risks because it does not have to bear the full costs of those risks. That is going to be on the face of the Bill for the new regime, and will be directed by the new regulator. Is that not the case?

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