Clause 6 - General betting duty
Finance Bill
5:45 pm
Mr Richard Ottaway (Croydon South, Conservative)
I am grateful. If I am sitting in the Financial Secretary's office, I shall do the same. There is a slight innuendo in what the Minister just said. The Treasury's view is that spread betting has been getting off rather lightly and they are trying to bring it up. That is a completely different argument and slightly inconsistent with his level-playing-field point of view. It is the nature of any tax change that there will be winners and losers. We can let it rest that the spread betting people feel that they are marginal losers.
Question put and agreed to.
Clause 6 ordered to stand part of the Bill.
Schedule 1 agreed to.
Clause 7 ordered to stand part of the Bill.