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Banking Bill

I wish to speak to Amendment 104A and in support of Amendment 104. I seek to introduce another piece of greater certainty into the clause by leaving out, "““in particular, have regard to the desirability of ensuring””," so that the clause reads, "““In making regulations the Treasury shall ensure that””." We have discussed ““have regard to””, but this set of words also includes ““desirability”” so we have two uncertainties. The language is another example of ““now you see it, now you don’t””; that is to say, there is an intent but how far will the intent be translated into what happens? This is an area of great sensitivity and there is a need to achieve equity. I suggest that certainty is needed.