Part of Proceeds of Crime Bill – in a Public Bill Committee am 11:15 am ar 22 Tachwedd 2001.
David Wilshire
Ceidwadwyr, Spelthorne
11:15,
22 Tachwedd 2001
We referred fairly regularly to some of the issues raised by Clause 13 when we discussed clause 12, and I am concerned about one of them. The Minister said that interest would be paid at a fixed rate of 8 per cent. That might not be a relevant or accurate figure at the moment. However, if the rate is to be fixed irrespective of the economic circumstances, there will be a bit of rigidity in the Bill, which it should not have. Did the Minister mean that the rate would be fixed or that it would be fixed at 8 per cent. for the moment? I sincerely hope that the rate will reflect that payable elsewhere. If not, there will be a potential loophole because it might be cheaper for someone with large sums to borrow money in that way rather than another. I sincerely hope that the Minister will correct me and say that the rate will be fixed for the moment. Otherwise, I hope that he will say that it will be variable and that he will explain how it will be calculated and how it would alter.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
