Clause 54 - Employee shareholder shares

Part of Finance Bill – in a Public Bill Committee at 9:30 am on 11th June 2013.

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Photo of Stephen Doughty Stephen Doughty Labour, Cardiff South and Penarth 9:30 am, 11th June 2013

My hon. Friend mentions the opposition from across the political spectrum. Was she not surprised to read the comments from Lord Forsyth in the debate in the other place? He said:

“Frankly, I am surprised that this clause has survived so long. The scheme is ill thought through, confused and muddled.”—[Official Report, House of Lords, 20 March 2013; Vol. 744, c. 597.]

It has,

“the trappings of something that was thought up by someone in the bath...It is a foolish measure”. —[Official Report, House of Lords, 20 March 2013; Vol. 744, c. 614.]

That was said by a Tory former Minister with responsibility for employment.