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Loan Charge 2019: Sir Amyas Morse Review

Part of the debate – in the House of Commons at 2:29 pm on 19th March 2020.

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Photo of Bambos Charalambous Bambos Charalambous Opposition Whip (Commons) 2:29 pm, 19th March 2020

The hon. Member makes an excellent and pertinent point. We are discussing tax going back 20 years, and retrospective legislation should not be applied in this situation, because that is clearly unfair and unjust.

We must consider that, beyond the financial aspects of tax recovery, we are dealing with real people who need to be treated with fairness and respect. We have a moral duty to ensure that no more homes are lost, no more bankruptcies are filed, no more lives are lost and no more families are broken because of the loan charge policy.