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Proceeding contribution from Peter Bone (Conservative) in the House of Commons on Wednesday, 9 December 2009. It occurred during Ministerial statement on Pre-Budget Report.


Pre-Budget Report

The Chancellor was incorrect in saying that when the banks return to profit, they will pay corporation tax, because there will be £80 billion of losses to set off first. Does he not think that the citizens of the United Kingdom will be amazed by the fact that banks will be making billions of pounds in profit and not paying a single penny of corporation tax?


Secondary information

Type
Proceeding contribution
Reference
502 c383 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Bank services Banks Income tax Financial institutions Fiscal policy Economic situation Economic policy Economic growth Inflation Forecasts Pensions National insurance contributions Public sector net cash requirement Young people Unemployment benefits Tax allowances Taxation Unemployment Retail prices index Economic recession World economy Pre-Budget report 2009
Link
View this Proceeding contribution on www.publications.parliament.uk