Compensation Bill [HL]

I said ““any or none””. I made the point in describing what the ministerial group may do in guidelines. I did not say that we would get a plethora of them. The noble Lord misheard me. I said that there may be some or none; in other words, in tackling our concern not to create a compensation culture and addressing the fact that people’s behaviour appears to be changing because of a perception of a compensation culture, we should, as appropriate, issue important guidelines. There will be no plethora, but appropriate guidelines will be issued as needed.