FSM Bill still under attack.
The Financial Services & Markets Bill continues its journey through the Parliamentary mangle, causing the government serious headaches. Some concessions may have to be made.
The Financial Services & Markets Bill is slowly crawling its waythrough Parlia-ment. It is running behind schedule following fierce
protests in the House of Commons about the number of amendments the
Treasury tabled to the bill at its report stage.
Altogether, there were over 500 amendments, and many were passed with the
most cursory of debates. The common theme of MPs' complaints was that many
of the government amendments broke new ground, making a mockery of the
pre-legislative scrutiny process
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