My Lords, I am not sure how I can follow that remark but I shall try my best.
I should like to add my thanks to the Minister for taking on board the principles contained in the amendment tabled by the noble Viscount, Lord Astor, to which I added my name. There is, I think, true cross-party support for this amendment and this move. There may not necessarily be support for it on my own side but that is another matter.
However, this change will undoubtedly lead to a healthier sport, more investment, growth and jobs. Where I certainly share the opinions of my noble friend Lord Lipsey, is my belief that any such extension should lead to the extension of work that the levy supports on training, education and employment. I, too, welcome the Minister’s commitment that the two work streams of levy extension and wider levy reform will run concurrently. I do so because neither process can be used as an excuse to hold up the other—again I share the views of my noble friend. It is really good that the Bill team have given that commitment. I share the view that has been expressed that there is a need for a more modern and commercial framework for the levy. I know that that is supported not only by the racing industry but by everyone who works in it. That is where I should like to add my voice.
Action has long been required. I congratulate the Minister and the Bill team, who have done excellent work on the Bill, on not allowing the opportunity for primary legislation to pass without this action. However, I want to make one point, which reflects my noble friend’s point, too. The Minister should begin consultation on levy reform options as soon as possible, and on this side we would also like this to include the option for a horseracing right.
My Lords, I am delighted that the Bill is finally going through. I have one question. Does the Minister agree that without the Maktoum family, we would have absolutely no media coverage of racing? I, for one, would very much regret that. We should somehow show our gratitude to those who make it possible for a much wider public to enjoy racing. I congratulate again those who have produced the Bill.