New Clause 3 - Treasury consent
Finance Bill
5:00 pm
Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)
The Paymaster General is right, but we have to deal with the Bill as it is progressing. Our arguments were defeated during the discussion of the arbitrage clauses: she now has her arbitrage provisions as she originally presented them. What we are probing is whether the Treasury consent rules remain necessary in the light of the success that the hon. Lady has enjoyed.