Schedule 21 - Approved share plans and schemes
Finance Bill
10:00 am
Ms Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
I thought that I made it absolutely clear to the Committee that when we were approached over the change to connected companies, the industry itself accepted the arrangements and operation that we have put in place, and requested no changes. Therefore, however persuasive the hon. Gentleman
might be, I am not about to disturb or change that agreement. If he is seeking a confirmation from me, I am afraid that I am not going to give it. The measure is the result of negotiation and careful planning, and, notwithstanding some of the points that he has made, the industry has accepted that this is the correct way to proceed.