Is not the fact that if this works, arguing about how much it costs the Treasury is not sensible? If it works, it will create jobs and make wealth, and the cost to the Treasury will be nil. If it does not work, nobody will take it up and the cost to the Treasury will be nil. It seems to me that this is not a necessary discussion. The only thing that we do not want is for it to be misused. The noble Viscount has explained how the Government intend to do that. No doubt they will do their usual thing of bringing in some more measures to stop it if that were to happen. The real fact is that this is one part of the argument that really does not hold water. We have to accept that if it does not work we have wasted a bit of time, which is not terrible, but if it does work we will have been proved wrong and I will be happy about it. The Treasury will not lose out because there will be jobs, people employed and money being made, which is really worth while.
Growth and Infrastructure Bill
Proceeding contribution from
Lord Deben
(Conservative)
in the House of Lords on Wednesday, 6 February 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Growth and Infrastructure Bill.
Type
Proceeding contribution
Reference
743 c308 
Session
2012-13
Chamber / Committee
House of Lords chamber
Subjects
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Timestamp
2022-06-06 16:32:14 +0100
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