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Banking Bill

The Minister makes it sound like a long service award, which perhaps it is. On Amendment 62, I think I heard the Minister say that this was in order to transfer contracts of employment over, whereas I was coming at it from a different direction in asking why this is needed in order to protect employment rights. The noble Lord said that he wanted to transfer the benefit of the contracts of employment. I understand that point. I am grateful to the Minister for accepting my Amendment 63, to which we will come in a moment. We shall return to probing those issues later on the general clause on tax, on which I have some points to raise. In the mean time, I beg leave to withdraw Amendment 62. Amendment 62 withdrawn.