Clause 1 - Amendment of the Income and Corporation Taxes Act 1988
Pension Annuities (Amendment) Bill
9:00 am
Mr Frank Field (Birkenhead, Labour)
I advise my right hon. Friend—for today's purposes, I shall refer to him as such—the Member for Skipton and Ripon to accept the amendment and the compliment that the Minister is paying him. It is generally agreed that she is the
cleverest Treasury Minister. He assumes that almost all of the Government amendments are wrecking amendments. If that is the case, the Minister's comments offer hope, because she is trying to back both horses: for fear that the Bill will be enacted, she wants to make it more workable.
Given the spirit in which the Minister has proposed the amendment, we should accept it. However, we must be aware that she has other designs on the Bill, and those might be resisted.