Part of Proceeds of Crime Bill – in a Public Bill Committee at 4:45 pm on 27 November 2001.
Bob Ainsworth
The Parliamentary Under-Secretary of State for the Home Department
4:45,
27 November 2001
Thank you, Mr. McWilliam, for your protection from my hon. Friend the Member for Glasgow, Pollok. It is much appreciated.
Subsection (11) states:
``In deciding under this section whether one amount exceeds another the court must take account of any change in the value of money.''
After requiring the court to take into account the original proceeds of crime and any interest and benefit that may have accrued from investment, it would be strange and very unfair to not encourage it to take account of changes in the value of money. There are two sides of the coin when updating the decision with regard to benefits that the defendant may have accrued through the investment of his proceeds and the downside of time having elapsed.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
