Legislative Scrutiny: Financial Services Bill and the Pre-Budget Report - Human Rights Joint Committee Contents

Conclusions and recommendations

Powers to control remuneration: the Financial Services Bill

1.  We recommend that the Government make this limitation [of the power of the FSA to interfere with existing contractual terms] explicit on the face of the Bill, which should meet the concerns about the provision's compatibility with Article 1 Protocol 1. (Paragraph 1.8)

The tax on the payment of bonuses: the Pre-Budget Report

2.  In our view it is … unlikely that the tax is incompatible with Article 1 Protocol 1 ECHR. (Paragraph 1.16)

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