Saving Gateway Accounts Bill
10:45 am
Stephen Ladyman (South Thanet, Labour)
Perhaps I can put it to you a slightly different way. At the moment, the Bill says that people who deliberately or carelessly mislead will be subject to the penalty; we will come back to what careless means in a minute. My concern about the £300 is that someone who deliberately misleads is probably not going to deliberately mislead once; they may well open 500 accounts under different names. Clearly, if it is a major front, £300 is not going to be a disincentive. Do you see obvious loopholes and obvious ways that people could criminally exploit the system?