Chamber and committees

That is a useful direction. Thank you very much for that.

Thank you for the depth of your responses. There is general agreement—in fact, there is total agreement—that the £1,000 asset protection threshold for consumer statutory pledges is too low these days, and it is expected that that will be replaced. I think that most people are looking forward to alternatives for achieving protection for essential household goods, including, specifically, the exclusion of what are termed ordinary household goods or the creation of an index-linked accelerator to ensure that the threshold is updated. Do you have any views on the strengths or weaknesses of those approaches?

Under item 3, we will take evidence on the Moveable Transactions (Scotland) Bill. I welcome Lady Paton, who is chair of the Scottish Law Commission. I welcome, too, Professor George Gretton and Professor Andrew Steven, who, as former commissioners of the SLC, were heavily involved in the commission’s report on moveable transactions, which was published in 2017.

Before we kick off, I remind all attendees not to worry about turning on their microphones during the evidence session, as they are controlled by the broadcasting team. If you would like to come in on a question, please raise your hand and we will bring you in.

Before we move to questions, I invite Lady Paton to make some brief opening remarks.

Thank you. That is very helpful indeed. We will move on to more detail with Jenni Minto.

Thank you for the question, Jeremy, and thank you to our witnesses for their answers.

Thank you. Paul Sweeney MSP will ask the next questions. He joins us online.

Before I bring Paul Sweeney back in, Jeremy Balfour has a question about that point.

I thank committee members for their questions; the questions are exhausted, as may well be our witnesses. Thank you very much. The evidence session has been extraordinarily helpful.

I thank Lady Paton, Professor Gretton and Professor Steven for their extremely helpful evidence. I ask Lady Paton whether it would be acceptable for the committee to follow up by letter with any additional questions that stem from the meeting.

That is very kind of you. We will let you go now. I suspend the meeting briefly to allow witnesses to leave the room.

Is the committee content with the instruments?

Members indicated agreement.