Clause 25
Finance Bill
5:45 pm
Angela Eagle (Parliamentary Secretary, HM Treasury; Wallasey, Labour)
I will in a minute when I have finished what I am trying to say.
Therefore, the approach will apply only when it is explicitly part of an agreement that is made between the particular company and HM Treasury. It will not be applied retrospectively to a range of general agreements that have already been reached. This is about having access to particular assistance, in this case from the asset protection scheme, through an arrangement made between HM Treasury and the company concerned. I hope that will reassure the hon. Gentleman that this is not just a general sweeping power that we intend to apply across the piece to help and assistance that the Government may wish to give to industry in general. It is much more specific and narrow than that.