Member

The wider concern behind our stand part notice on Clause 14 and Amendment 69A is that Parliament is being asked to legislate now for powers whose practical effect will become clear only later. I have already challenged this approach elsewhere in the Bill. The industry is telling us that the lack of certainty is leading to pre-emptive behaviour, which is negatively affecting the sector. Firms are trying to plan for a regime whose shape they do not yet know and are having to make difficult assumptions.