Perhaps I may quickly clear up that matter. When you look at the totals, you have to take into account the effect of the extra two years, because we are starting with two years in hand. So the first year counts as three years, which we are going to smooth over the first four years. Therefore, in practice we start off with a much bigger amount of money. The 2.24% is a raw figure, if you like; it is not going to affect how much the levy will be when it is smoothed.
Mesothelioma Bill [HL]
Proceeding contribution from
Lord Freud
(Conservative)
in the House of Lords on Wednesday, 5 June 2013.
It occurred during Debate on bills
and
Committee proceeding on Mesothelioma Bill [HL].
About this proceeding contribution
Reference
745 c267GC Session
2013-14Chamber / Committee
House of Lords Grand CommitteeLibrarians' tools
Timestamp
2015-03-26 19:28:29 +0000
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