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Proceeding contribution from Rob Marris (Labour) in the House of Commons on Monday, 23 April 2007. It occurred during Debate on bill on Finance Bill.

Finance Bill

It could be disastrous. Any subsequent Government might not have enough money to meet the commitment that this Government had made—in so far as any Government can bind their successors—of a considerable amount of taxpayers’ money for the future. As my hon. Friend will know, some Members have suggested what is sometimes described as a lifeboat scheme. Indeed, I hear rumours that there may be an amendment to the Pensions Bill to that effect. Interestingly, the lifeboat scheme has been decried by the Association of British Insurers, which regards it as being akin to ripping off other people’s money, so I am not sure that it would be a very good idea.

Secondary information

Type
Proceeding contribution
Reference
459 c700 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Crime Agriculture Aviation Business Corporation tax Climate change Buildings Bureaucracy Capital allowances Fraud Housing Education Environment Investment Income tax Energy Electricity generation Economic situation Floods Inflation Pensions Olympic Games Passengers Petrol Partnerships Pension funds Small businesses Regional planning and development Tax allowances Tax avoidance Taxation Research Tax rates and bands Rural areas Off-payroll working
Legislation
Finance Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk