Clause 3
Dormant Bank and Building Society Accounts Bill [Lords]
11:15 am
Jeremy Browne (Shadow Chief Secretary To the Treasury, Treasury; Taunton, Liberal Democrat)
I am disappointed. I understand the point that the Minister is making: if the limit will be adjusted due to inflation or other incremental changes that take place from year to year, we do not need a full-scale discussion, but I witnessed in the Chamber last week large parts of the provisions for banking being made under terrorism legislation, so I am cautious about the Government using powers created for one reason to achieve different purposes at a later date. It is perfectly possible that the Government could reduce the threshold substantially without proper reference to Parliament. That concerns me, but I sense that I have not persuaded the majority of members of the Committee, so I beg to ask leave to withdraw the amendment.