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Not that complicated, and you still get your constituency MP, they "just" cover a larger population.Seems a bit complex. Personally I'd prefer the Commons stayed for constituencies but with the Alternative Vote (what was proposed in the referendum) and the Lords is binned off and replaced with a straight up national PR chamber.
In addition I'm in favour of greater devolution with England being split into regions each with their own funding.
IMO the lords should be a house of expertise and as apolitical as you can make it (which won't be very, but still)