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Finance Bill

I think that my right hon. Friend the Member for Wokingham (Mr. Redwood) was talking about the overall direction in which it was going—at least, that was what I understood. To return to the example of countries needing to reach maturity to consider reductions in corporation tax, the country that sticks in my mind is Poland, which has reduced its corporation tax rate to 19 per cent. Of course, the UK was very much behind the reforms there in the whole tax and financial system. It is a great irony, particularly given the advice that Poland gave the Prime Minister recently, that Poland was ready to take advice from the Conservatives but the Prime Minister was not. There we have something that will continue in future. In the businesses that I have advised and examined, there is great attraction to the headline rate of corporation tax.