Motion made, and Question proposed,
That provision may be made for imposing a tax on the amount of the windfall from which a company was benefitting on 2nd July 1997 in any case where—
- (a) an undertaking whose privatisation involved the Imposition of economic regulation has been privatised by means of a flotation; and
- (b) the profits of the undertaking in the period after the flotation show that the company was benefitting on that date from a windfall from that flotation.—[Mr. Gordon Brown.]
§ Question again proposed.