Clause 86 - Life policies etc: chargeable events
Finance Bill
11:15 am
Mr Edward Davey (Kingston and Surbiton, Liberal Democrat)
I am grateful for the intervention by the hon. Member for Arundel and South Downs clarifying the position. I thought that I was talking about qualifying policies. The right hon. Member for Fylde has great technical knowledge, and he may wish to intervene further if he thinks that they are non-qualifying. I had understood that they were qualifying because that would be in the general framework of the law in this area.
The political point that I want to make, which the Government should take on board, concerns the group of people we are talking about. They are not extremely wealthy pensioners who would suddenly receive an extra relief if the amendment were passed; they are people who are often on very modest incomes. Although hundreds of thousands of people may not be affected by that unfairness, a number of people are.
It being twenty-five minutes past Eleven o'clock, The Chairman adjourned the Committee without Question put, pursuant to the Standing Order.
Adjourned till this day at half-past Two o'clock.
Gale, Mr. Roger (
Chairman
Brennan, Kevin
Burnett, Mr.
Casale, Roger
Cruddas, Jon
Cunningham, Mr. Jim
Davey, Mr. Edward
Field, Mr. Mark
Flight, Mr.
Grayling, Chris
Harris, Mr. Tom
Healey, John
Hendrick, Mr.
Hoban, Mr.
Jack, Mr.
Kelly, Ruth
Luff, Mr.
Luke, Mr.
McKechin, Ann
Marris, Rob
Primarolo, Dawn
Pugh, Dr.
Ryan, Joan
Smith, Angela
Sutcliffe, Mr.
Wright, David