Groceries Code Adjudicator Bill [Lords]

My hon. Friend’s new clauses—on the £500 million and £1 billion thresholds—are incredibly sensible. We are talking about companies such as Procter & Gamble, Heinz, Unilever, Coca-Cola, Nestle, Mars, Kellogg’s—multi-billion dollar, multinational corporations—and it would be indefensible for a groceries adjudicator to spend its time on them, instead of on protecting small independent suppliers. He is absolutely right that it will lead to higher prices, because it will make buyers timid: they will not negotiate hard on behalf of the customer, because they will not want their time taken up with a groceries adjudicator. They will not want the bad publicity, so they will settle for second best, and people will get higher prices. He is on the money.