(7 months ago)
Commons ChamberI do not agree with that categorisation. The truth is that the Bletchley summit was a world-leading summit. We took a front-foot approach and we are co-hosting the Seoul summit, which is bringing together AI nations, AI companies and top experts in academia and civil society. We have always been clear that we will ensure that our regulators do the job that they need to do, and of course at some point we will legislate. We have a plan, and our plan is working. The Labour party cannot tell us what it would legislate for. It does not have a plan.
(4 years, 9 months ago)
Public Bill CommitteesYes.
Stuart Colville: This is clearly an area that needs to be approached with caution, because the licences that water companies hold are extremely important to the way that they operate and for attracting investment, essentially. We think the Bill broadly strikes a reasonable balance between the powers that the Government and the regulator feel that the regulator needs, while maintaining protections for investors and continued investment.
Q
Stuart Colville: I think the role of local authorities is crucial. We are seeing an increasing move towards catchment-based planning across the UK. Local authorities bring a sort of accountability that industry and regulators cannot. Involving local authorities more in the medium-term or long-term plans around some of our most important river catchments is really important—bringing them into the partnerships that are being constructed to think about how best to maintain and improve water quality, flood resilience and so on.
I do not necessarily see a role for the Bill in promoting that. I think it is already happening to some extent, and we are seeing work quite well in particular areas. It requires a proof of concept and a scaling up of what is already happening.
Chris Tuckett: Absolutely, it is complicated. The Bill is huge. The governance framework is also huge.