Clause 30 - Manufacture, import and sale of realistic imitation firearms
Violent Crime Reduction Bill
4:00 pm
Jonathan Djanogly (Shadow Solicitor General (Also Assists Shadow Secretary of State for Constitutional Affairs), (Assist the Home Affairs Team); Huntingdon, Conservative)
Mr. Simon Bromley, an elected member of the management council of the Military Vehicle Trust wrote to me to protect the interests of more than 5,000 members who stand to be affected by the Bill, as do their millions of pounds of investments.
The conservative Home Office regulatory impact assessment estimate of a £300 million valuation and associated significant administration costs and compliance costs is based on an estimate that imitation guns are worth £15 each. That is simply not an accurate estimate, but it shows just how large the figure might realistically be for compensating those whose pensions, businesses and indeed livelihoods are dependent on imitation firearms.
We must remain aware of the additional cost to the police and prosecution authorities after the enactment of the Bill, as well as the significant effect on business sales. Banning sales could mean a huge fall in the investment value of imitation guns, and compensation should be paid.