Enterprise and Regulatory Reform Bill

Before my noble friend goes on to discuss auctions, will he give some indication of how long it will take for the Government to study the substantial report to which he referred, and how long he thinks it will take for the DCLG Select Committee at the other end to produce its report? I understand both his arguments—there is a substantial report from the OFT and there is also that Select Committee report—but we really do not want to have to wait for ever.