Proceeding contribution from Andrew Love (Labour) in the House of Commons on Wednesday, 4 May 2011. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No. 3) Bill.
Finance (No. 3) Bill
May I press the Exchequer Secretary on the benefits for growth and potential employment arising from these measures? According to the Red Book, the corporation tax decrease in the Budget will cost £1 billion by 2015. That is on top of £4 billion from the previous Budget. However, the changes in allowances and other aspects of the corporation tax bring in only £2.7 billion. That leaves a significant gap. The Opposition would not be doing their duty properly if they did not ask what benefits will be delivered by that significant cut in corporation tax.
Secondary information
- Type
- Proceeding contribution
- Reference
- 527 c689-90
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Childcare Business Corporation tax Capital allowances Investment Equipment Economic growth Manufacturing industries Tax allowances Taxation Tax rates and bands
- Legislation
- Finance (No. 3) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 15:51:56 +0000
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