Lord Christopher
Main Page: Lord Christopher (Labour - Life peer)Department Debates - View all Lord Christopher's debates with the HM Treasury
(10 years, 10 months ago)
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Lord Christopher
My Lords, perhaps I may help. According to the Office for Budget Responsibility, two or three years ago the loss to the Revenue due to anticipation was £1 billion. That was the figure that the OBR gave and it has not been contradicted. When will we know what the degree of postponement is this year? If I may say so, in my opinion both of these losses could have been stopped with a two or three-line clause in the Finance Bill, which both he and I could have written.
Lord Newby
My Lords, I think that the noble Lord overestimates my drafting skills.