Member

I hope that goes some small way towards clarifying that, while I have the utmost respect for noble Lords’ concerns about the rule of law and the principle of legal certainty, we have constructed powers that support and are led by the rule of law’s need for precision and proportionality both now and in future. Through secondary regulations, we can make crystal clear responsibilities and proportionate penalties, and we can keep regulations up to date as products and business models evolve. However, I recognise the concerns raised by all noble Lords about delegated powers, and I assure them that we listen carefully to their points and will continue to engage constructively on these matters.