British Agriculture and Food Labelling

I think that the House deserves a little more clarity about what the hon. Gentleman is proposing. Can he confirm that the role of that regulator is far in excess of that recommended by the Competition Commission? The hon. Gentleman has referred repeatedly to fair prices, and does he agree that they can be achieved only if the regulator has the power to intervene in setting prices? That is a throwback to the policies of the '60s and '70s rather than a policy of today. Will he make it clear whether it is Liberal party policy?