That language sounds a lot like the language that appears in the fundraising campaign, and it shows what I think is a less than serious appealtofear rather than reason.
Because it is only an advisory body, the fear was that companies would appealto the law if their takeover plans were blocked, tying up matters in the courts for years.
So the response of the coalition parties is an appealto Britain's historic successes, and deployment of the fear factor (the use of negative campaigning against Lib Dems was a lesson learned from this year's referendum on voting reform).