Member

Size alone does not equal success. Take football clubs as an example: a larger club may have greater resources, a bigger stadium, more expensive players and larger crowds, but none of that guarantees results on the pitch. I am told that one need look no further than Tottenham Hotspur to see that. We welcome the Government’s amendment to ensure that when regulations are developed, member outcomes will be placed front and centre, and returns, not just scale, will count. What the Government have brought forward today is not perfect, but it is a significant step in the right direction.