Apprenticeships, Skills, Children and Learning Bill

For the record, I mentioned Ofgem, not Ofwat. I merely gave an example. We are talking about the principle of regulation in this market. There is no way that noble Lords can deduce that there is any attempt to stifle innovation. If somebody comes along with a new and innovative product, Ofqual will of course want to take that into account. I do not know why we are making such a negative presumption about the role of Ofqual. We believe it will have a constructive and positive approach when working with awarding bodies and will encourage innovation and efficiency. I shall leave it at that.