Member

I know that the noble Baroness also has some specific concerns about the seabed. I agree with her that the seabed is a unique asset and, therefore, special protections may be warranted. However, the law on the ownership of the seabed is unfortunately incredibly complex. My officials are working at pace with legal experts and the Crown Estate to establish the extent to which the Crown Estate can currently sell the seabed. I reassure noble Lords that my officials will continue this work at pace to ascertain the current position, and I am happy to commit that, if we establish that further legislation is required to restrict the ability of the Crown Estate to sell the seabed, we will bring forward an amendment in due course. The noble Earl, Lord Russell, again asked about the timescale. If it is possible before Third Reading, it will be brought forward then; otherwise, we will do so in the other place.