(7 years, 11 months ago)
Commons ChamberI am sure it was a very important and fascinating minute, Mr Deputy Speaker, particularly as the hon. Member for City of Durham (Dr Blackman-Woods) was speaking—I have great regard for her.
I support my hon. Friend the Member for The Cotswolds (Geoffrey Clifton-Brown) and the amendments in our names. We put them forward in an endeavour to be constructive. They reflect areas where the Government have taken valuable and worthwhile steps. New clause 12 is built on the fact that they rightly increased the rates of interest, but it is important that there is not a lacuna between the enabling legislation and the practical application of the regulations. The Minister might say, “There is another means whereby I can achieve the same objective as the new clause,” in which case my hon. Friend the Member for The Cotswolds and I will be perfectly happy, but it is important to flag that up, particularly because the Treasury has to deal with the regulations, although I could be wrong about that. We would not want anything to fall between the gaps and prevent the Government’s good intention from being delivered in practice.
Does the hon. Gentleman have any idea of the time limit? How long would it be before that measure comes to an end, during which time the Government would be bound to give that additional compensation?
We are putting the ball in the Government’s court in that regard. We have the commencement date for the relevant provisions. It seems to my hon. Friend and I that the regulation to implement them ought to follow at the time of commencement, or as close as practically possible thereto. That is what we are seeking to achieve, so that there is a smooth transition.