Clause 35

Part of Finance Bill – in a Public Bill Committee at 4:30 pm on 9th June 2009.

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Photo of Peter Bone Peter Bone Conservative, Wellingborough 4:30 pm, 9th June 2009

I am grateful to the Minister for giving way over such an extended period. We were talking about the different dates: 1 July and 1 January. The Minister had linked the two issues of the treatment of dividends and the debt cap. I wondered why the dates had not been coterminous. The subsequent point about 1 July is that this will come into effect before the Bill is enacted. If we get past that date and the Government call a general election, where does that leave people? Is it law or not?