Clause 58

Part of Pensions Bill – in a Public Bill Committee at 12:15 pm on 5th February 2008.

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Photo of James Plaskitt James Plaskitt Parliamentary Under-Secretary, Department for Work and Pensions 12:15 pm, 5th February 2008

Very relevant is the answer, because the regulations that I refer to relate to what are known as services of general economic interest. As the hon. Gentleman rightly says, that is not comparable to a manufacturer in a competitive situation, but the regulations are specifically set down because there will sometimes be large-scale services that are deemed to be of general economic interest. In those circumstances, where there are not the usual commercial constraints, it is important to have a set of rules about the degree to which they may be publicly funded. That is why I cite the rules; they are specifically important for this precise set of circumstances. With those reassurances, I hope that he will agree to withdraw his amendment.