Clause 37
Finance Bill
4:30 pm
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
My hon. Friend is right. We have both experienced the problems of trying to ask questions about Northern Rock, and we get poor answers in response, if we are answered at all. However, I might chance my arm and ask the Minister how much that change will cost the Government. What additional tax relief will be granted to customers who took their money out of their Northern Rock ISA and redeposited it with Northern Rock or another provider? Given that banks, as I understand it, must provide returns to the Treasury on ISAs and such things, I am sure that they have that information. Therefore, perhaps she could also tell us how much money has been redeposited in Northern Rock and, therefore, what the tax cost would be—[ Interruption. ] The Minister is looking quizzical. Can she tell us how much of the money that was originally taken out from cash ISAs in Northern Rock has been redeposited, and what the tax cost of doing so has been?