Member

This is not about taking the powers out of the Bill but being very clear about how they are to be implemented. That could be done in a way that is less burdensome and with reduced compliance costs. As I understand it, that is desirable in the Government’s view. Everything we have heard about the Government’s approach suggests that they want better regulation, as we heard from the noble Lord, Lord Johnson of Lainston, and better regulation is exactly what I am describing—ensuring that one regulates only where necessary.