Proceeding contribution from Michael Fabricant (Conservative) in the House of Commons on Monday, 16 March 2009. It occurred during Debate on bill on Industry and Exports (Financial Support) Bill.
Industry and Exports (Financial Support) Bill
Just on the subject of VAT, is my hon. Friend aware that, like so many firms, John Lewis recently said that the reduction in VAT—coming down from 17.5 to 15 per cent., it was so costly to the taxpayer—has made no difference whatever to overall sales? In any case, on 1 January, it is going to go back up again, although we also have to ask, back up to what: will it go back to 17.5 per cent. or will it go up still higher?
Secondary information
- Type
- Proceeding contribution
- Reference
- 489 c688
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Business Banks Finance Exports Export credit guarantees Government assistance UK Export Finance Motor vehicles Manufacturing industries Public expenditure Small businesses VAT World economy
- Legislation
- Industry and Exports (Financial Support) Bill 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 10:10:44 +0100
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