Clause 98 - Power to make temporary modifications of taxation of employment income

Part of Finance (No. 2) Bill – in a Public Bill Committee at 10:15 am on 11 January 2022.

Alert me about debates like this

Photo of Lucy Frazer Lucy Frazer The Financial Secretary to the Treasury 10:15, 11 January 2022

The hon. Member is being a little unfair in his categorisation of what would happen and what we are seeking. That has not been defined in legislation because it is very hard to predict, and we do not want to limit severely the opportunities to exercise that power. The hon. Member has seen how the Treasury would react by the way it has reacted. That should give him some comfort.