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Finance (No. 2) Bill

My hon. Friend has wide experience in such matters, and he has made an effective point for which I am grateful. Although the Paymaster General has sought to clarify the rules proposed in the Finance Bill, I put it to her that they are currently unclear. The Treasury may think that the rules are clear, but the profession—those who write insurance policies and those who write wills and trusts—does not know exactly what to expect. Much more clarification is required before the Standing Committee reaches clause 157 and schedule 20. The Treasury Committee has also made that point, and, regardless of what else they do, I hope that the Government accept it. The Government say that the measure will provide £15 million a year, but by my understanding every will need to be rewritten, so it is essential that the matter is clarified. In conclusion, this is a nasty little Budget that will be implemented by a horrid, huge Finance Bill.