Clause 1 - Increase in limit on selective financial assistance
Industrial Development (Financial Assistance) Bill
8:55 am
Mr Mark Field (Cities of London and Westminster, Conservative)
That exposes the fallacy of the 14-year period that has been put about both on Second Reading and in this Committee. A new threshold leads to a long period before another debate; the relevant point is how quickly the Government must come to the House for each additional tranche. Our concern is
that that rate will accelerate, and with that in mind, the comparison with the 14-year period is not valid.