I will reflect on that, speak to officials and write to the noble Lord about the appropriate definition, is that is okay with him.
I will respond to the question from my noble friend Lord Trenchard, the noble Lord, Lord Fox, and others about transparency thresholds. Regarding thresholds at which subsidies are uploaded to the database, I listened carefully to the debate in the other place and the comments from noble Lords this evening. In our view, the current transparency provisions seek to strike
a balance between reducing the administrative burdens and costs to public authorities and ensuring that the necessary information on subsidies is available. In our view, this is vital to ensure that interested parties are able to challenge potentially harmful subsidies. However, I accept that there is a legitimate debate about the level at which those thresholds are placed.
Let me conclude by reaffirming what I said in my opening remarks. In our view this Bill creates a robust yet agile system that allows public authorities to provide subsidies where they are needed most. At the same time, it will allow us to maintain a competitive free-market economy as we build back better from the pandemic, and to chart a new course as an independent trading nation. I look forward to discussing many of these points further in Committee, but in the meantime, I commend this Bill to the House.