Speeches by Peacock.

“I thank the shadow Minister for broadly welcoming the principles. I will address a couple of those points, but without rehearsing this whole debate. Independence runs throughout this Bill; it is very clear that it is an independent football regulator, and we will talk about some of the safeguards for that in future deb…”

“The regulatory principles outlined in this clause are designed to guide the regulator to exercise its functions appropriately and in the manner intended by Parliament. The regulator must have regard to those principles when acting. The first principle encourages time and cost efficiency in everything that the regulator…”

“The clause sets out the general duties of the regulator to define when and how it can act. The regulator must act in a way that, in so far as is reasonably practicable, is compatible with the purpose of the Bill—to protect and promote the sustainability of English football—and that advances one or more of its objective…”

“The point in the intervention speaks contrary to the amendment that we are discussing. It is somewhat confusing—[Interruption.] It was a question, indeed, but it speaks contrary to the amendment in the shadow Minister’s name. The amendment would cast doubt on the regulator’s ability to effectively deploy the backstop, …”

“It is a pleasure once again to serve under your chairmanship, Mr Turner. I thank the shadow Minister for the amendment and the chance to clarify the Government’s position on the redistribution of revenue. Let me be clear: the backstop process will apply only to revenue received by the leagues. That is already explicit …”

“It is a real pleasure to serve under your chairmanship, Mr Turner. I thank the hon. Member for Old Bexley and Sidcup for his amendment. I understand that its intent is to put beyond any doubt that the Bill and the regulator will not breach UEFA or FIFA statutes, and so will not risk English clubs or national teams bein…”

“I would be very happy to meet the right hon. Gentleman. I was going to say that I would write to him after the spending review, but he has very keenly got me to agree to a meeting. It would be an absolute pleasure, and we can continue the conversation. Sport and physical activity, especially swimming, plays a vital rol…”

“It is a pleasure to serve under your chairship, Ms Jardine. I congratulate the hon. Member for Isle of Wight East (Joe Robertson) on securing this important debate. The Government are committed to ensuring that everyone, regardless of background, has access to and benefits from quality sport and physical activity oppor…”

“Clause 6 sets out the regulator’s objectives, which are its primary aims and also the limits of its statutory remit. As clause 7 sets out, the regulator may act only if the action taken, so far as reasonably practicable, advances one or more of those objectives. I will speak briefly to the objectives, and then we can d…”

“That is quite okay, Sir Jeremy. I have done a lot of talking today. I thank the hon. Member for Cheltenham for moving the amendment and for giving us the opportunity to discuss it. I will explain why we are not able to accept it, but it is important to say first that the safety, wellbeing and welfare of everyone taking…”

“I am absolutely happy to do that. It is obviously up to the Select Committees, and they can scrutinise if they want to—it will be up to individual Select Committees to decide. The IFR has to publish an annual report, and there is a review clause in there, too. We are happy to write to the hon. Gentleman with more detai…”

“I am grateful to the hon. Gentleman for his comments. To take the final one first, taxpayers will not be bailing out failing clubs. This is not going to save every single club; to make it very clear, it was never intended to do that. The provisions in the schedule ensure that the regulator has the necessary structures …”

“I am sorry; I have just finished.”

“I will address some points on amendment 121 and then respond to the hon. Gentleman’s questions. The Government recognise it is vital that the regulator is transparent and able to be held accountable by Parliament and others. That is why, for the expert panel, the legislation already sets out a number of requirements to…”

“I am grateful to the shadow Minister for his questions. On the broad question of why we are making the change, to be quite blunt, it would be easier not to. We have a big majority in this place, but we spoke earlier about parliamentary scrutiny and we genuinely listened to the debate in the Lords, where there was quite…”

“It is a pleasure to serve under your chairmanship, Sir Jeremy. Government amendments 61 to 63 are technical amendments to schedule 2 that support our proposed changes to the distribution models put forward in other Government amendments. We will get into more detail on our changes to the distribution mechanisms later i…”

“I beg to move amendment 61, in schedule 2, page 89, line 29, leave out “sections 61 and 82” and insert “section 82”. This amendment is consequential on the insertion of NC3.”

“I do not know if the hon. Member is wilfully misinterpreting what I am saying or not. I have made it very clear that there will be a benchmarking exercise. I have given a number of examples of other regulators whose salaries are much higher and were so under the previous Government. Senior pay controls allow the Govern…”

“As I have outlined, a benchmarking exercise will be done thoroughly on that. I am intrigued by the mock outrage from the Conservative party, who did not in any way put in a staffing cap or a salary cap when we were in this room previously. To take some examples of other salaries, they are much higher: at the Financial …”

“I absolutely agree, and the Liberal Democrat spokesperson puts an important point on the record. We expect a significant benchmarking exercise to be undertaken in determining the appropriate level of remuneration for the CEO of the regulator. That should be consistent with other regulators of a similar size and regulat…”