New Clause 1 — Impact on Government revenues

Part of Business of the House – in the House of Commons at 4:00 pm on 3rd December 2014.

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Photo of David Mowat David Mowat Conservative, Warrington South 4:00 pm, 3rd December 2014

Surely we know the answer to the question prompted by new clause 2(2)(e), more or less; it is that dramatically fewer annuities will be purchased. Okay, a review might show that the figure is 12% as opposed to 90%, but what action would be taken pursuant to that answer?