My Lords, I, too, rise briefly to add my support to this amendment and to pay great tribute to the noble Viscount, Lord Astor, and, indeed, to his noble friend the Minister. I must declare an interest in having a son who trains horses and I have an interest in his yard at Newmarket. I congratulate the Government on taking this on board so very seriously.
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.