Banking (Special Provisions) Bill

I do not know whether my hon. Friend will reach clause 10, which is entitled ““Tax consequences””, but does it worry him that the arrangements that it sets out constitute carte blanche, especially given the width of the orders,"““in connection with…or in consequence of””" the transfer of property and so on, and the fact that the "““provision that may be made by the regulations includes provision for or in connection with…a tax provision not to apply””?" In other words, clause 10 could lead to no tax being paid and total tax relief being given in all the circumstances that the provision outlines.