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Finance Bill

I do not think that REITs would have a significant impact on land values. It is not easy to predict exactly what would happen, but the amendments would not cause spiralling asset prices and inflation. Indeed, I would not support them if I thought that that would be the consequence. We have to be cautious about new measures that have an impact on the property market and property prices. I am confident that the amendments would make modest changes that would allow REITs to be established with greater ease, but they would not have the inflationary effect that worries the hon. Gentleman.