My amendment is very modest. It is saying two things: first, impose strict deadlines for statutory consultations. We cannot have a situation where regulators do not respond and do what they are expected to do on time. We have to draw a line on that. Secondly, the council recommended international benchmarking. Regular international benchmarking of British project performance on infrastructure as compared with other countries would be very valuable indeed. It would be salutary because we would have it confirmed that, in general, we take longer, we cost more money and we get less outcome. This amendment would be helpful, and I hope noble Lords and the Government will be sympathetic. I beg to move.
Lord Mawson Portrait Lord Mawson (CB)
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My Lords, I wish to say something about the housing regulator, because it is absolutely as the noble Lord, Lord Hunt, is saying. As I explained earlier, in our practical experience, we have built a very successful housing company with local residents, which is trying to join the dots between housing, education, health and placemaking. We find that the housing regulator is constantly getting in the way of the innovation that we, with local residents, need to do, which has local support and a serious track record.

This particular regulator—and I have seen it in other areas as well—is a real problem. There needs to be real thought and reflection about whether these regulators are helping us innovate and find new ways of working—or are they just getting in the way? Of course, they need to ask challenging questions on using the money right, I get all of that. We need to address these issues, as the noble Lord, Lord Hunt, is telling us. It is stopping us in east London doing what we now need to do to take our work to the next stage.

Lord Banner Portrait Lord Banner (Con)
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I want to say something about what the noble Lord, Lord Hunt, said about the default risk aversion, and how there is a significant risk of that with regulators. There is a lot of merit in those comments. Largely, that stems from the application of the precautionary principle in much of the field of law that we are discussing now. Materially diluting the precautionary principle in a substantial way would have all sorts of troublesome consequences, but, in my judgment, some kind of counterbalance, which is what the proportionality principle is seeking to do, would help temper the effects of that. There is a later amendment in the noble Lord’s name which would seek to modify the precautionary principle in quite a sensible way. But I agree that something needs to be done to ensure that that over-precautionism does not infect the application of these provisions.