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Proceeding contribution from Lord Walney (Labour) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.

Finance Bill

Does my hon. Friend agree that this is not just about the double whammy facing Rolls-Royce? I agree with him wholeheartedly about the potentially catastrophic effect on the civil nuclear supply chain of cancelling the loan to Sheffield Forgemasters, but there is also the restriction on capital allowances, which will hit Rolls-Royce as it will hit BAE Systems in my constituency and many other manufacturers across the north of England and the whole country who will be affected through the potential loss of jobs and loss of ability to export.

Secondary information

Type
Proceeding contribution
Reference
513 c322 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Poverty Children Corporation tax Exports Excise duties Fuels Private sector Insurance premium tax Economic growth Forecasts Low incomes Pensions Public expenditure Unemployment Rural areas Public sector debt Tax avoidance VAT Resignations Tax evasion Tax burden Building schools for the future programme Office for Budget Responsibility Budd, Alan
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk