(8 years, 1 month ago)
Lords ChamberOne cannot get into the mindset of such people, but we have such a thing as brass-plate companies. They operate in name only. They are shell companies that have no presence other than a brass plate. Therefore, the kind of people that the noble Lord is talking about will operate under the radar regardless. The existing legislation is adequate, according to the Government, in controlling such behaviour as far as we are able to.
I thank the Minister for her explanations. We have already gone into the next amendment, which I will introduce in a moment. To bring us back to Amendments 1 and 2, I guess that this is very much a legal point. We looked at the issues raised by the committee. We took some legal advice and came up with another form of drafting. It seems as though the Government’s lawyers are less than happy with what we have come up with, but I thank the Minister nevertheless.