Clause 18
Finance (No. 2) Bill
2:00 pm
Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
It is not surprising that Mr. Browne is against the changes. The Government and the art market have fought hard over the issue. It is a shame that the Conservative Government did not work as closely with the art market, a market that they now profess to support on the derogation.
I have said why it needs to be done within that period, and I have dealt with the matter of legal advice—and our advice is the same as the art market’s. I turn next to what the cost is likely to be to the art market. The only figures that I can provide are those provided by the British Art Market Federation, but we have absolutely no reason to dispute them.