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Jane Kennedy (Financial Secretary, HM Treasury; Liverpool, Wavertree, Labour)

First, it is a pleasure to be in Committee this afternoon under your chairmanship, Mr. Hood. I have enjoyed listening to the discussions.

I do not believe that the national insurance effect will take exactly the form that the hon. Member for South-West Hertfordshire suggested. I will make a few general comments. I understand from my advice that the announcement was made in October, but I will double-check in the light of what he said.

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