Condition for exercise of power to increase limit: analysis of use of separate financial centres

Part of Commonwealth Development Corporation Bill – in the House of Commons at 3:30 pm on 10th January 2017.

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Photo of Wendy Morton Wendy Morton Conservative, Aldridge-Brownhills 3:30 pm, 10th January 2017

From my understanding of the Bill and on the basis of evidence given in Committee, I would like to read the quote that

“no money will go to CDC until a full business case is written in huge detail, which will be prepared in the summer of 2017.”––[Official Report, Commonwealth Development Corporation Public Bill Committee, 6 December 2016;
c. 9.]

The suggestion that we are going to give a huge chunk of money to CDC straight away is perhaps creating an unfair impression.