Clause 19
Finance Bill
2:15 pm
David Gauke (Shadow Minister, Treasury; South West Hertfordshire, Conservative)
I beg to move amendment No. 69, in clause 19, page 9, line 10, leave out ‘in particular’ and insert ‘specifically’.
The amendment, which is probing, relates to the regulations that clause 19 authorises the Government to produce on the carbon reduction trading scheme. It would ensure that the list of matters on which regulations may make provision contained within clause 19(3) is exhaustive rather than illustrative. The clause contains a number of provisions concerning what the regulations may address.
The Exchequer Secretary sent me a letter yesterday—it arrived today—to clarify that the list of regulations that may be made under clause 19 is not yet complete and that we will therefore unfortunately not have the opportunity to debate them in the course of these proceedings. There is a limit to how much can be said about the clause in the absence of those regulations. I do not know whether you intend, Sir Nicholas, to allow a stand part debate on the clause, because I want to make only one point on that. Equally, I should be happy if you guided me to make that comment now.