My Lords, I rise merely to register a sadness in that, in moving Amendment 1, the Minister is abandoning his long-standing opposition to any amendment to the Bill. I am concerned that the one amendment to which he has agreed provides regulation-making powers that will help the industry, but he has not introduced a balancing amendment to help with consumer protection and to help the vulnerable.
I was pleased that the noble Baroness, Lady Jolly, said at a meeting with Sky Bet and me that the Government were at least considering backing up their voluntary approach to FTB with regulations, and I am disappointed that the opportunity to insert them in the Bill has now been lost. I very much hope that the Government will put this right in the consumer protection Bill because consumer protection is also very important.
My Lords, other Members may remember a similar discussion in this House in the early 1990s when the Duke of Devonshire said in terms—I cannot remember exactly what he said—that in his view any well brought up young man should have a mistress, a yacht and a racehorse; and that, if he could not afford any one of them, he jolly well should not have them. I am inclined to agree with him.