Clause 9

Part of Finance (No. 3) Bill – in a Public Bill Committee at 6:45 pm on 10 May 2011.

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Photo of David Hanson David Hanson Shadow Minister (Treasury) 6:45, 10 May 2011

I do not want to prolong the discussion, but it is worth putting it on the record that when asked the direct question, “How many people do you expect to benefit from the provisions of clause 9?”, the Exchequer Secretary could not give a definitive answer. He can give a definitive figure of £100 million in lost income, but he cannot say how many people will benefit. In view of that, it seems—dare I say it?—an ill-thought-out proposal to expand the lifetime limit from £5 million to £10 million.