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National Insurance Contributions Bill

My Lords, I think it is a wider definition, so if a charity in those areas was carrying on activities that went beyond trading, my understanding is that the charity would qualify. The noble Lord, Lord Barnett, makes a point that perhaps the latitude for charities is wider than I am painting it. However, the critical point here—perhaps I am using ““trading”” too loosely—is that we are talking about creating new employment. If a new charity is carrying on a business that creates employment, it will qualify.