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Finance Bill

I am sure that the hon. Gentleman will remember the debates in the House over the issue of self-invested personal pensions, where it was regularly put to the Government by Opposition Members that SIPPs needed to be addressed—and subsequently they were. We debated that during the passage of last year's Finance Bill. Does he agree that, in the case of term assurance, prior to the pre-Budget report announcement of action, no points were put in the House by any Opposition Members to the Government about the need to address the issue at any stage? We have all agreed that action is necessary to protect the revenue base.