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Scotland Bill — Committee (5th Day)

Part of the debate – in the House of Lords at 5:15 pm on 21st March 2012.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 5:15 pm, 21st March 2012

Yes, it does. The effect is that the amount of tax that people pay in Scotland will go down. Therefore, if the Scottish Parliament wished to be compensated for the loss, it would put up the tax so that it remained in the same position.