I will have to write on that latter point. The funding for the £2,000 comes from Motability itself—the charity—as I understand it, based out of the reserves it has built up. It needs very substantial reserves because the risk in a leasing business is in the residuals, which can be very volatile, even though you are the biggest. You need very substantial reserves, but it took a view that it had some excess which it was prepared to spend in this way. I urge the noble Lord to withdraw his amendment.
Welfare Reform and Work Bill
Proceeding contribution from
Lord Freud
(Conservative)
in the House of Lords on Monday, 21 December 2015.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Welfare Reform and Work Bill.
Type
Proceeding contribution
Reference
767 c2430 
Session
2015-16
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2016-01-25 14:04:28 +0000
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