Clause 41
Finance Bill
9:15 am
Mark Field (Cities of London and Westminster, Conservative)
In the current economic circumstances, was any consideration given by the Treasury to extending the period of 12 months? The Minister will be aware that, particularly given the potential difficulty of acquiring funding, it may well be that that period, which might normally seem quite a sensible transition period, will not prove long enough for the reorganisation of finances for private equity companies in this difficult economic situation.