Clause 55 - Derivative contracts
Finance Bill
4:30 pm
John Healey (Financial Secretary, HM Treasury; Wentworth, Labour)
The hon. Gentleman is trying to ensure clarity in the Bill. However, the heading that immediately proceeds new section 30B, ''Formation of SE by merger'', already forewarns the reader that the new clause applies only in those circumstances. While I concede that both the intention and the effect of the amendment is designed to be constructive, it is not really necessary and I hope that the hon. Gentleman withdraws it.