Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 12 May 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.
Finance Bill
That argument is peculiar, because when the VAT cut is put through the input-output model, one finds that direct capital investment saves or creates twice as many jobs as the VAT cut. The hon. Gentleman is technically wrong about the cut stimulating economic growth. It was not the most effective measure. The same amount in direct capital expenditure would have been more effective.
Secondary information
- Type
- Proceeding contribution
- Reference
- 492 c766
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Alcoholic drinks Companies Business Corporation tax Competition Capital investment Excise duties Business rates Public houses Tax allowances Tax avoidance Taxation VAT Tax rates and bands Trade competitiveness
- Legislation
- Finance Bill 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-21 11:36:47 +0100
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_558346
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