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Proceeding contribution from Chris Mullin (Labour) in the House of Commons on Monday, 24 November 2008. It occurred during Ministerial statement on Pre-Budget Report.

Pre-Budget Report

Although there is much to be welcomed in my right hon. Friend's statement, his announcement on empty property rates will not save a number of the companies in my constituency—and, I am sure, elsewhere—that are destined to be put out of business by that tax. Pallion Engineering, for example, is due to see an increase in rates from £55,000 to £277,000 in a single leap. That would put it out of business. Did the Chancellor not consider relieving that tax entirely in regeneration areas, as some of us had urged him to do?

Secondary information

Type
Proceeding contribution
Reference
483 c513 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Business Corporation tax Banks Credit Investment Financial institutions Financial markets Government shareholding Economic situation Inflation Forecasts National income Public sector National insurance contributions Small businesses Tax allowances Taxation VAT Tax rates and bands Stock market World economy Pre-Budget report 2008
Link
View this Proceeding contribution on www.publications.parliament.uk