(6 years, 2 months ago)
Commons ChamberThank you, Mr Deputy Speaker. I thank my hon. Friend for his question, but I will return to the finance matters in front of us.
I will explain why the amendment to the money resolution is unrealistic. The figure in the proposal, £10,000 per annum, is just 1% of the estimated cost of implementing the Bill. We have published a detailed impact assessment, which I am sure hon. Members will have read, and it outlines how much we expect the measures to cost. I am not backward in coming forward about the amount: we think it will cost £1 million per annum over 10 years. I will put that into context in a moment and explain why we think it is an appropriate figure.
If any Bill becomes law, it should be properly funded, so that is the starting point.
In my time in the House, Oppositions have normally criticised a lack of money for private Members’ Bills to carry out their objectives. It is highly unusual to try to limit the money to £10,000. When was the last time an Opposition did this?
As I understand it—you might know this better than I do, Mr Deputy Speaker—it was 1912; it was over a century ago.