Clause 2 - Control of borrowing
Local Government Bill
10:45 am
Mr Edward Davey (Kingston and Surbiton, Liberal Democrat)
We certainly support amendments Nos. 26 and 5. They do not go nearly as far as we would like them to, but the hon. Gentleman may be right to suggest that they may tempt the Government to accept a minor improvement. I do not want to pooh-pooh the hon. Gentleman's amendments, because they raise important points. Amendment No. 26 could be very important if there were a crisis. It could ensure that limits imposed by Whitehall would
not be required. The Bill already contains some powers in clause 5 that relate to the circumstances that the hon. Gentleman probably has in mind. His ideas may fit more neatly into clause 5.