Political Parties: Funding

My Lords, does the noble and learned Lord agree that the number of people who vote in general elections, which is worryingly low, is not unrelated to the way parties are funded, and would be closely related if there were certain changes to that way of funding? Would he also agree that it would be very much in the interests of the Phillips committee to look carefully at the report of the Power committee, chaired by the noble Baroness, Lady Kennedy of The Shaws? This has a number of very interesting findings and comments on that subject. Would he further agree that it would be wise of the committee to pay a good deal of attention to that report?