Proceeding contribution from Lord Hanson of Flint (Labour) in the House of Commons on Tuesday, 3 May 2011. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No. 3) Bill.
Finance (No. 3) Bill
Exactly. One of the key issues that we need to consider is the relationship between the north of Ireland and the Republic of Ireland, because that involves important issues to do with the rate of corporation tax. The hon. Member for South Thanet (Laura Sandys) is in the Chamber. I would welcome, as an example, a discussion about whether the 2,400 jobs lost at Pfizer in her constituency would have been retained by a lower level of corporation tax now and in future. I have great concern about the fact that those jobs have been lost, as the article in front of me dated 2 February indicates. I pay tribute to the hon. Lady for her decision in taking that issue to the heart of Government and to the Prime Minister. I pay tribute to the Prime Minister for arguing with the company about maintaining its presence in Kent. My key point is that the Government have proposed a lower corporation tax rate over the next four years, but Pfizer has still chosen to leave the United Kingdom.
Secondary information
- Type
- Proceeding contribution
- Reference
- 527 c641;527 c639
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Financial services Excise duties Fuels EU economic policy Exploration Economic growth Oil Pay Natural gas Public expenditure Prices Offshore industry Regulation Taxation VAT Tax yields North Sea oil Bank levy
- Legislation
- Finance (No. 3) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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