Clause 3— Abolition of starting and savings rates and creation of starting rate for savings
I beg to move amendment No. 18, in page 2, line 21, at beginning insert 'Save as provided in subsection (6A),'.
With this it will be convenient to discuss the following: Amendment No. 19, line 22, at end insert—
'(6A) The amendments made by this section shall cease to have effect at midnight on 5th January 2009 unless the condition set out in subsection (6B) has been satisfied.
(6B) The condition referred to in subsection (6A) is that the Chancellor of the Exchequer shall have laid before the House of Commons a statement setting out the measures taken to mitigate the effect of the amendments made by this section and by section 1 (when taken together) on those for whom such effect is a net increase in income tax payable and the House of Commons shall, by resolution, have approved such statement.'.