Many questions need to be asked about the status of the partners that TfL will be able to join in partnership. Will they be offshore? Will they pay taxes here? Will they be able to move the control of the partnerships from one party to another without the
public—it is our land—being able to stop it? One hears many scary stories, such as money from Moldova being laundered through Scotland—all sorts of extraordinary things go on under these instruments—and my concern is that the limited partners are liable only for the value of any investment they make and do not need to be involved in the management of the partnership. They put their money in, that is the extent of their liability, and we do not know what sort of profits they will then be able to make and we do not know whether they will pay any tax in this country. Those questions need to be asked before we revive this Bill.