Clause 47 - Exchanges

Part of Finance Bill – in a Public Bill Committee at 5:15 pm on 3 June 2003.

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Photo of Mark Prisk Mark Prisk Shadow Paymaster General 5:15, 3 June 2003

The Chief Secretary has perhaps misheard me. My concern about the superfluous nature of clause 47(1)—not subsection (3) that he is now referring to—is that subsection (1) is almost verbatim a copy of schedule 4(5). It was a narrower point. I am grateful for that wonderful tiptoe through the clause as a whole, but I was saying that subsection (1) is almost identical to schedule 4(5). I think that the Chief Secretary was trying to answer a different question.