Skip to main content

Proceeding contribution from David Gauke (Conservative) in the House of Commons on Wednesday, 7 April 2010. It occurred during Debate on bill on Debt Relief (Developing Countries) Bill.


Debt Relief (Developing Countries) Bill

That is possible under the clause as it stands: it gives Ministers in the next Government, whoever they are, an opportunity to assess what is happening to the risk premium, the levels of debt affected, and the implications of the legislation. If it turns out that 12 months is insufficient, there is the possibility of extension for a further 12 months. I think that the provision adds to the Bill. Let me say why I think this debate is helpful. Parliament is dealing with the matter sensibly, recognising the potential dangers and treading carefully. That is a good message to send out. The concern about the risk premium centres not on the Bill itself, but on the possibility that it will become a precedent for a future Bill that prevents the enforcement of future debts. No doubt some in this House would argue that that would be a great thing to do, but it would pose significant dangers for developing countries. The element of caution provided by the sunset clause is sensible, and subsection (3) is an important part of that. The hon. Member for Northampton, North spoke about subsection (6) and how it would be wrong to allow a situation to arise in which those debts enforced during the period in which the measure is in force were treated differently from those that were pursued subsequently. That would have an impact on which debts were enforced and, in some respects, damage the credibility of the legislation. Subsection (6) is therefore helpful. I shall bear in mind your strictures, Mr. Speaker, as I realise that many hon. Members wish to speak, whether on the amendments or Third Reading. I am grateful to my hon. Friend the Member for Gainsborough (Mr. Leigh) for raising his queries, but I believe that clause 9 as it stands is beneficial. It strengthens both the Bill and the next Parliament's ability to deal with these matters in greater detail, when the opportunity arises.


Secondary information

Type
Proceeding contribution
Reference
508 c1050 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Debts Developing countries Debts written off Sunset clauses
Legislation
Debt Relief (Developing Countries) Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk