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Charities Bill [Lords]
12:45 pm
Martin Horwood (Shadow Minister (Environment), Environment, Food & Rural Affairs; Cheltenham, Liberal Democrat)
I am enjoying much of what the hon. Gentleman is saying and I agree with a great deal of it, but he might have been wrong on one point of detail. If a public school were by any chance to lose its charitable status, that would be a much more serious matter than just losing 4 per cent. of its income, because, as a non-charitable institution, it would not be able to use the charitable assets that it had accumulated. Charitable assets must remain charitable.