My Lords, I am grateful to the noble Lord, Lord Blencathra, for his explanation of the amendments in this group. As he said, Amendment 55C would set minimum fines for companies that fail to comply with an appointment notice that requires them to designate an executive to be held liable for failing to take down illegal knife and weapons content. Amendments 55D and 55E would set minimum fines for companies and liable executives that fail to take down illegal content when requested to do so. As he explains, his proposed minimum fines are proportionate for companies; they are set at 500% of the value of the knife or the weapon for companies, and 100% of the value for individuals.

I hate to disappoint the Committee or to ruin the spirit of accord that has broken out across the Benches opposite, but while the logic of the amendment from the noble Lord, Lord Blencathra, is good, I am afraid it does not reflect the actual behaviour and experience of the marketplace. If I can, I will try to explain why it would not be as effective or as impactful as he no doubt intends.