Clause 51
Finance Bill
9:15 am
Angela Eagle (Parliamentary Secretary, HM Treasury; Wallasey, Labour)
CITR was introduced in 2002. We examined how it had worked and talked to, and liaised with, the stakeholders in the sector—both those who wished to lend and the institutions that had developed to take advantage of the tax exemption. The issue came up in that discussion. We realised that the points that were made had merit, which is why the clause has been included in this year’s Finance Bill. I hope that, with that explanation, the Committee is happy to let clause 51 stand part of the Bill.