Member

I want to speak briefly to amendments in the names of other noble lords. The noble Baroness, Lady Kramer, has tabled an amendment which would raise the cap to £5,000, which we support. This is a sensible proposal which would prevent some lower and middle-income earners being caught by this policy, and address some of our concerns around the cost that this policy would impose on SMEs. The Government should seriously consider an uprating mechanism, as proposed in my other amendments in this group, but this would be a good start. If, in due course, the noble Baroness is minded to test the opinion of the House on this question, we will be pleased to support her.