Clause 25
Finance Bill
5:30 pm
Stewart Hosie (Spokesperson (Economy; Home Affairs; Treasury; Women); Dundee East, Scottish National Party)
I broadly support the amendment, but there are some concerns. Regarding Lloyds versus RBS, one used some of the tax assets and one did not. They also have different other terms and attachment points regarding asset protection, which would have to be established in advance in terms of regulation. Is there not a very real danger that that information could be highly market-sensitive, if unrelieved tax assets were abused or there was cash that would weaken the balance sheets? Where does the balance lie between market sensitivity and the transparency that the hon. Gentleman seeks in his amendment?