Clause 3 - Duty to determine affordable borrowing limit
Local Government Bill
3:45 pm
Mr Philip Hammond (Runnymede and Weybridge, Conservative)
With respect, the Minister is wrong. The amendment would leave in place subsection (4), which gives the Secretary of State the power to specify one or more codes of practice. Therefore, the amendment would not simply leave everything dependent on the CIPFA code, but it would remove the regulatory powers under subsections (2) and (3).