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Proceeding contribution from John McDonnell (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

As my right hon. Friend said earlier, all these clauses are linked and it is difficult to disaggregate them. Clause 10 is certainly being used a mechanism to fund the allowances being distributed to companies overall. As I say, I find it extremely difficult to link that to the rationale that has been given by both the Chancellor of the Exchequer and the Prime Minister in the past.


Secondary information

Type
Proceeding contribution
Reference
527 c703-4 
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