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Pensions Bill

I fear that these amendments will not work. I say that from bitter experience of having studied the definition of loans on commercial terms under the Political Parties, Elections and Referendums Act. Anyone with any business experience will clearly know that totally uncommercial loans made to a bust organisation, unsecured at low rates of interest, on commercial terms proved not to have any real meaning in law. I wish the noble Baroness more luck in getting something here, but I do not think she will. Even she accepts that there is a public policy argument for a certain amount of public help. It is very difficult to draw the line.