Compensation Bill [HL]

Certainly. It is my ambition that by the Report stage, the noble Lord will have information about what the Government have done on the back of Mr Boleat’s report; our considered view on which direction we intend to move; whether the regulator is to be a designated organisation, which it will be; what we propose in terms of the arrangements to set up the body and fund it; and, lastly, our views on where we expect the market to go and our assumptions based on that. We aim to give the noble Lord as much information as possible so that he will have a very clear idea of what the Government intend to do. That will address his concern that he needs such information to reach his view. I hope to achieve all that by the Report stage.