I must draw the House’s attention to the fact that financial privilege is engaged by Lords amendments 3, 4 18 and 30. If any Lords amendment engaging financial privilege is agreed to, I will cause the customary entry waiving Commons financial privilege to be entered in the Journal. Having given careful consideration to Lords amendment 18, which would establish a Trade and Agriculture Commission, I am satisfied that it would impose a charge on the public revenue that is not authorised by the money resolution passed by this House on
On a point of order, Mr Deputy Speaker. The ruling that you have just made regarding amendment 18 will surprise, if not stun, many people outside, who had placed much hope in the Trade and Agriculture Commission. Could you provide the House with any further details of the rationale, because on first reading it is not clear what the financial implications of this particular provision would be? What—if any—other remedies might be available to Members of this House to pursue this matter further?
I am grateful to the hon. Member for his point of order. As he is an experienced Member of the House, he knows that when Mr Speaker and the Public Bill Office look at these amendments, they do so very thoroughly. Although they do not have to give a reason why an amendment is allowed or not allowed, the statement that I have just made is quite rare in the 28 years that I have been a Member—and I think Mr Speaker has done rather well, to be honest.
I am sure that I speak on behalf of Mr Speaker when I say how grateful he is for the hon. Gentleman’s point of order and the way in which he has made it. Those on the Treasury Bench have heard his point.