(6 days, 18 hours ago)
Commons ChamberCould the hon. Member clarify over what period the Government would do the cost impact assessment, if they were to do one? Does he agree that the transition to any new technology requires significant initial upfront investment? All the trillion-dollar companies in the world were losing millions before they became profitable.
I am grateful to the hon. Gentleman for his intervention. I will come on to some of the technological points he made earlier, which it may surprise him to hear that I was incredibly sympathetic towards. On the timescale he asks for, I think it reasonable that, when a new Act comes into force, the Government should review it on a yearly basis at least, if not more frequently, to check that it is working. The point he makes is valid, and I thank him for it.
Last on the list of impacts covered by new clause 6 is the impact on international and domestic tourism in the UK and passenger air fares. We in this House can pass all manner of laws and schemes, and we can mandate new things, but their impact, including on the wider economy, matters. Reviews like the one proposed by new clause 6 would ensure that Governments of all political persuasions monitored real-life outcomes and, if necessary, tweaked provisions—or completely changed course. I cannot for the life of me understand why any Government would run scared of such a clause; it would help them govern better in the long run.