Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Wednesday, 17 December 2008. It occurred during Legislative debate on Value Added Tax.
Value Added Tax
The immediate threat is to our ability to borrow in the markets, as the right hon. Member for Birkenhead (Mr. Field) said. I was reminded by someone at IBM a few weeks ago that in the 1970s a serious scheme was being put together that would have had IBM borrowing in the markets, because it was able to do so, and then lending at a margin to the British Government, who could not do so. It is now the case that a significant number of companies are able to borrow on more favourable terms than the UK Government.
Secondary information
- Type
- Proceeding contribution
- Reference
- 485 c1142
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Costs Business Economic situation Germany Taxation VAT Tax rates and bands
- Legislation
- Value Added Tax (Change of Rate) Order 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-01-26 18:07:55 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_515928
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