Mr Norman, Financial Secretary to the Treasury, aka "Minister of Tax", is today giving evidence to the House of Lords.
He has said that where loans etc have been fully disclosed and/or years closed, then the loan charge will not apply.
Before we break out the jelly and cakes, we're going to await the confirmation of what he actually means in amendments to the legislation.
Given his predecessors performance in the role and the fact that MPs often say one thing and mean another, we frankly do not trust what he tells a committee will actually mean much.
If we are to interpret his words literally, perhaps 0.1% of contractors might benefit.
If he actually means no loan charge where there is no enquiry opened in time, then a much higher percentage (40%?) which would of course reduce the tax take and which is why we are - for the moment - choosing not to believe what he says.
