Clause 32
Finance Bill
2:15 pm
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
I want to say two things. First, I welcome the work that Lord Levene is leading on improving competitiveness of the Lloyd’s insurance market. That market has been under pressure in recent years—we have seen a number of wholesale reinsurers relocate from the UK to Bermuda. It is therefore important to take appropriate action to protect and strengthen that market. Secondly, with regard to the amendment, I ask the Minister what “other consideration” might include?