Finance Bill

I understand the black-hole argument perfectly clearly, but it does not apply here. The tribunals and the first High Court decision told us that the Government were not entitled to that VAT in the first place, and the Appeal Court ruling may confirm that. If the argument is that some of the Red Book's revenue yield forecasts will have to be changed, I refer him to what many Opposition Members have said. They have described the Red Book as "difficult to believe", and I shall put it no more strongly than that.