Clause 155 - Overseas life insurance companies
Finance Bill
5:00 pm
Mr John Burnett (Torridge and West Devon, Liberal Democrat)
I, too, was disturbed to read the clause, which is quite extraordinary. Not only will the regulations not have any parliamentary scrutiny, but some of them will be deemed to have had effect as from 1 January 2003. The Liberal Democrats also wait with baited breath to hear what the Paymaster General has to say. We hope that our quite justified fears will be allayed.