My Lords, the noble Lord said that I should be precise and accurate. My amendment to the Motion says that,
“this House regrets that no consultation was undertaken on this instrument”.
Paragraph 10.1 of the Explanatory Memorandum in respect of these regulations says:
“HM Treasury has not undertaken a consultation on the instrument”.
Those are the exact words, so I cannot understand at all the point that the noble Lord is making. He is trying to excuse the fact that there has not been a consultation by saying that there has been a lesser form of engagement. However, that engagement is not a substitute for formal public consultation. Is he suggesting that it is an adequate substitute?