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Regulatory Enforcement and Sanctions Bill [HL]

My Lords, the importance of economic activity and success is hard to overestimate. I accept entirely the Minister’s point about other matters referred to in the Hampton report. The economic prosperity of this country is so critical that its position vis-à-vis our regulatory framework is central, in a way that some of the other headings that he referred to, while important, are not. Having said that, if the Government are clearly not minded to accept that point of view, I do not propose to ask the House to troop through the Lobbies, as I did a few minutes ago. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.