The summary of the assessment consists of about two paragraphs of breathtaking complacency from the Government. From time to time, the most extraordinary parameters for possible costs are given. One does not need to look into the crystal ball when one can read the book. That is dramatically above the inflation level, and the rise has happened in a very short space of time. Unless there is a more robust, credible and fully explained regulatory impact assessment, the concern must be that eventual costs will substantially outstrip those currently portended.
Important matters remain to be debated and considered thoroughly.
Much detail has to be studied. I emphasise to the Minister that I have an on-going concern for which I make no apology. It is that the Government intend to do a good deal of their work in this sector by means of secondary legislation. I referred in an earlier intervention to some of the regulations that we will face. We should subject any regulations that the Government introduce to the affirmative procedure, so that a proper debate can be held.