Legal Services Bill [Lords]

The Government have listened carefully to the debates on thresholds and the persuasive arguments put forward in both Houses. I recognise the concerns expressed by Members that the board should consider the wider impact on the regulatory objectives before taking action, and I believe that the amendments reflect consensus on that important issue. The Bill now strikes the right balance, allowing the board to take decisive action where there has been, or is likely to be, an adverse impact on a regulatory objectives, but preventing the arbitrary use of its powers. The amendments do just that. They were welcomed when they were debated in the other place, and I welcome them here and commend them to the House.