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Proceeding contribution from Ed Balls (Labour) in the House of Commons on Wednesday, 21 March 2007. It occurred during Budget debate on Budget resolutions.


AMENDMENT OF THE LAW

Lest there is any possibility that my hon. Friend might have been unsettled by some of the interventions from Opposition Members, he may recall that the Chancellor said in his speech that he is taking action to address the issue of small companies avoiding paying their due through artificially incorporating in a way that will not raise the tax burden on the self-employed and small businesses overall, and that the small companies rate will be raised in three stages from 20p to 22p in 2009, recycling all these revenues to legitimate small businesses investing for the future Does my hon. Friend agree that if Opposition Members had listened to the Chancellor’s speech more carefully they might have understood the point the first time?


Secondary information

Type
Proceeding contribution
Reference
458 c877 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Budgets Economic situation Public expenditure Taxation Budget March 2007
Link
View this Proceeding contribution on www.publications.parliament.uk