Schedule 8 - Loan relationships: miscellaneous amendments
Finance Bill
9:45 am
Mr Howard Flight (Shadow Chief Secretary To the Treasury, Economic Affairs; Arundel and South Downs, Conservative)
I want to go back to something that the Minister said a few minutes ago, about the general partner having a lot of control over the private equity companies that they manage. They have that control as the investment manager on behalf of the other investors, and not in the normal context of controlling a close company. I trust that she would agree that it is inappropriate for the requirements to apply in that situation. If she does not like our amendments and
thinks that they go too far, how else does she hope to deal with the issue?