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My Lords, I was delighted to see my noble friend Lady Neville-Rolfe’s name on the Order Paper. I knew that I would learn so much from her, as I did for many years when we were both at Tesco—although she was working hard and I was only on the board.
I was looking forward to the debate; I certainly have not been disappointed. Of course, we need to be aware that not everything is as we want it to be; in certain areas of taxation, it takes an awful lot of time to find out the right way to go. I am the daughter of a Revenue commissioner, so I should know something about it; it is probably the worst thing I deal with in business. Above all, we need to pull together on this particularly tricky aspect of our business and political lives.
I fear that we work in a rarefied atmosphere and are very much out of touch with certain groups of people in diverse areas. We tend to think the legislation we produce is flawless. We certainly need to do an awful lot more post-legislative scrutiny, and I hope that will happen in the next few months.
We have had an excellent debate, and the only thing I add to all that has been said is that we need to have much more confidence in ourselves. We are reading awful headlines in every newspaper, even those we think we can rely on—including the Financial Times.