As my hon. Friend the Member for Milton Keynes, North-East, has said that amendment is not necessary, I was going to give an arcane answer to that arcane question. I may still do so in a slightly broader way without delaying the Committee.
Any local authority that does not properly consider the cost-benefit and financial implications of their actions will be subject to scrutiny under the regimes put in place as part of the wider modernisation agenda. That relates to the broad sense of what we mean by ''obligations, policies and objectives'' in clause 16.