I do not know whether the hon. Gentleman misunderstood or whether I misunderstand him, but the particular concern in relation to profits is the impact on mutuals, which, by definition, have little access to capital and use their profits to grow capital for lending. That is the effect there is concern about. Does he think the proposed tax would be good for mutuals?
Finance Bill
Proceeding contribution from
Alison McGovern
(Labour)
in the House of Commons on Tuesday, 8 September 2015.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance Bill.
Type
Proceeding contribution
Reference
599 c366
Session
2015-16
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2015-10-05 15:35:46 +0100
URI
http://hansard.intranet.data.parliament.uk/Commons/2015-09-08/15090866000058
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