HC Deb 28 March 1996 vol 274 cc1209-10

Amendment proposed: No. 1, in page 209, line 24, leave out 'or'.—[Mr. Jack.]

Mr. Deputy Speaker

With this, it will be convenient to discuss Government amendments Nos. 2 and 3.

5.15 pm
Mr. Tim Smith

The amendments deal with an issue that I raised in the Standing Committee, which had to do with the 20p tax on savings and the concern that I raised on behalf of the Association of British Insurers that savings in insurance products should be treated in the same way as others and attract the 20p rate.

I thank my hon. Friend for making the change.

Amendment agreed to.

Amendments made: No. 2, in page 209, line 26, at end insert

'or

(c) the policy holders' share of the company's relevant profits is more than the company's BLAGAB profits,'.

No. 3, in page 209, line 41, leave out 'all its relevant' and insert 'its BLAGAB'.—[Mr. Jack.]

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