Proceeding contribution from Tom Blenkinsop (Labour) in the House of Commons on Tuesday, 20 July 2010. It occurred during Debate on bill on Finance Bill.
Finance Bill
I should like to echo my hon. Friend's words, especially given that the Government will reduce annual investment allowances by £75,000 under the Bill, which determines that a monetarist miracle will be export-led. Given that on emergency Budget day, the Engineering Employers Federation, which represents manufacturers, said:"““Reducing the corporation tax rate over time…might be a positive signal for large companies, but not for their suppliers””," how will that meet export-led targets that are predicted, yet not witnessed since 1945, especially when the majority of nations' economies are contracting?
Secondary information
- Type
- Proceeding contribution
- Reference
- 514 c224
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Annuities Economic situation Economic growth Forecasts Pensions Public sector Public expenditure Unemployment Public sector debt Tax allowances Taxation VAT Uprating Cuts Office for Budget Responsibility
- Legislation
- Finance Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2026-05-06 13:33:53 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_657010
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