Clause 4

Part of Finance Bill – in a Public Bill Committee at 12:45 pm on 19th May 2009.

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Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills) 12:45 pm, 19th May 2009

In a period in which we are seeing an utterly unprecedented crisis in the world economy, I think that people are looking to the Government to take the right decisions and safeguard the economy, families and businesses. The situation that we are in at the moment is unprecedented and requires very bold measures on the part of the Government. We have put bold measures in place and this is one of them. People will recognise that that is the right thing to do.