In an article on the London School of Economics website by Bob Hudson, a Professor in the Centre for Public Policy and Health, University of Durham, he argues that the current process has four major deficits and goes i to detail about each one. The four are:

Democratic Deficit
Constitutional Deficit
Financial Deficit
Strategic Deficit

An interesting comment on the article from Malcolm Bell reads:

“The whole trend in contemporary government is to suppress democracy and impose control by unelected elites. The principle is established in the EU where the commission trumps the elected Parliament. Devolution to the regions is intended to develop this theme. The British government is rapidly changing to decision-making in the increasingly remote “executive” as the House loses control. It used to be said that we had an elected dictatorship, that is rapidly being replaced by an unelected dictatorship of the elite. Accountability is almost entirely a thing of the past, this is not accidental but deliberate policy.”

So much for sovereignty of Parliament!