Fraud Bill [HL]

I think that my response will be quite terse. While I am most grateful to the noble and learned Lord for his explanation, unlike the line I took in the first amendment, I am not content with the reasons he has given for sticking to his last. If the defendant does not have the knowledge we have described in our amendment, it is hard to see how he ought to be penalised for the consequences of the loss, or the risk of loss, to another person. I go so far as to say that in my view that would be unjust. I shall read carefully the response of the noble and learned Lord and reflect on whether to bring it back on Report. I see that the noble and learned Lord wishes to speak.