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Finance Bill

I am grateful to have an opportunity to contribute to the debate on an element of the Bill that I readily concede—and as the hon. Member for South-West Hertfordshire (Mr. Gauke) noted—is a less contentious than it was last year. What made it so contentious last year was the element of retrospection, and I remember an interesting debate about whether all new taxes had a degree of retrospection. However, many hon. Members felt keenly that the proposals on VED last year had a greater degree of retrospection than most tax proposals.