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Occupational Pensions

I think that I reviewed my hon. Friend’s book when he published it. It is an enjoyable read, but I believe that I said at the time that it was perhaps imperfect. It has misled the right hon. and learned Member for Rushcliffe to overlook the fact that at the same time as the dividend subsidy was removed, the main rate and the small firm rate of corporation tax was cut as part of a package that succeeded in stimulating investment. The investment in the economy, profitability and the size of the pension funds increased significantly between the policy’s introduction and the dotcom crash of 2000. Everybody knows that.