Electricity (Miscellaneous Provisions) Bill — Clause 4 — Undertakings to Make Grants Under Schedule 12 to be Disregarded for Tax Purposes — 6 Feb 2003 at 17:59

I beg to move, That the Bill be now read the Third time.

I thank Members on both sides of the House for another lively and interesting set of debates. What with our recent Second Reading debate and today's proceedings, we have given the Bill's key principles a thorough airing. There was a slight frisson of excitement on the Opposition Benches as we concluded our previous debate, and perhaps I should clarify the point of order raised by the hon. Member for Reigate (Mr. Blunt). I was referring in particular to clause 3, which, as I said, is generic. The hon. Gentleman's misunderstanding might stem from the fact that although clause 1 relates exclusively to British Energy, the rest of the Bill is not framed so specifically. I hope that that provides him with the explanation that he seeks.

It being Six o'clock, Mr. Deputy Speaker put forthwith the Question already proposed from the Chair, pursuant to Orders [29 October 2002 and 27 January 2003].

The House divided: Ayes 274, Noes 157.

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