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It provides a new financial framework, with more than £360 million of funding transferring year on year to support us in our new role going forward, added to record investment in rail to date. We have a sound financial basis on which to build.
I am pleased to inform the minister that the difficulty dates back to 2001, when the Inland Revenue was aware of it and published a paper in which the subject was discussed.
Unless we have a planning system that is more responsive in its ability to keep development plans up to date, we will not be well served. That is a big focus of attention for the planning bill.
It removes the previous provision in section 15(2)(b), which provided for a minimum 21-month period from the date when the scheme was made until the date when it was to come into operation, and replaces it with a completely new provision.