Proceeding contribution from Ian Lavery (Labour) in the House of Commons on Tuesday, 5 July 2011. It occurred during Debate on bill on Finance (No. 3) Bill.
Finance (No. 3) Bill
Is my hon. Friend aware of the double whammy of the European trading scheme and the carbon floor price, which will have a devastating effect, not just on Scunthorpe and Teesside, but on Lynemouth in my constituency? Rio Tinto Alcan is the company there and it makes a current profit of £50 million a year, which will be totally wiped out as a consequence of this double whammy, putting 600 quality jobs at risk. Does my hon. Friend agree that special measures must be put in place to overcome these unjust taxes?
Secondary information
- Type
- Proceeding contribution
- Reference
- 530 c1448
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountancy Companies Costs Corporation tax Banks EU countries Environment protection Energy Electricity generation Industry International cooperation Investment trusts Pay Money Young people Tax collection Taxation Unemployment Carbon emissions Bank levy
- Legislation
- Finance (No. 3) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 17:03:52 +0000
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