Clause 49
Finance Bill
5:45 pm
Adam Afriyie (Windsor, Conservative)
I had not wished to speak on this occasion, but I want to re-emphasise the point that we have a great opportunity in this clause to denominate in sterling, not in euros. I did not find the Financial Secretary’s previous answer in any way satisfactory or reassuring, given the hundreds and possibly thousands of businesses that will be at those thresholds. I wonder whether he can reflect a little longer and give a reasoned answer as to why we are denominating in euros rather than in sterling, which seems to cover every other aspect of the Bill. I understand tradition and convention, but will he give a clear answer as to why he wants to perpetuate that uncertainty for those businesses?