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Budget debate on Tuesday, 27 March 2007, in the House of Commons, led by Lord Darling of Roulanish. The answering member was Mark Prisk.

Budget Resolutions and Economic Situation

Budget debate (fourth day): industry and business. Motion on amendment of the law agreed on question. Motions to approve ways and means resolutions. Resolved. Motion on corporation tax (charge and main rates) resolved. Motion on corporation tax (small companies) agreed on division (295 to 232). Motion on rates of air passenger duty agreed on division (296 to 84). Motion on interpretation of Chapter agreed on division (293 to 234). Motion on life assurance premium contributions agreed on division (292 to 232).

Secondary information

Type
Parliamentary proceeding
Reference
458 c1355-465 
Session
2006-07
Department
Department of Trade and Industry
Treasury
Chamber / Committee
House of Commons chamber
Proceeding contributions
Theresa Villiers | 458 c1424-8 (Link to this contribution) It gives me great pleasure to sum up the debate this evening. The Secretary of State for Trade and I...
Rob Marris | 458 c1428 (Link to this contribution) If it is all such doom and gloom, how can she explain 2.5 million more jobs and the fact that the Un...
Show all contributions (138)
Christopher Chope | 458 c1422-3 (Link to this contribution) And paid for them, as my hon. Friend says. I welcome the statement that the controversy"““has refocu...
Philip Dunne | 458 c1416-20 (Link to this contribution) I am grateful for that reminder. That is damaging, because small businesses are the source of much ...
Christopher Chope | 458 c1420-2 (Link to this contribution) It is a pleasure to follow my hon. Friend the Member for Ludlow (Mr. Dunne), who delivered an incisi...
Christopher Chope | 458 c1424 (Link to this contribution) They would be rather less enthusiastic about those proposals; indeed, they would think that they sma...
Christopher Chope | 458 c1423-4 (Link to this contribution) Indeed, as a minimum. He goes on to say that over time it could be abolished altogether. If the Cha...
Ben Wallace | 458 c1433 (Link to this contribution) All over the world the brave men and women of the British armed forces are serving our country and d...
Speaker | 458 c1434 (Link to this contribution) I ask the Serjeant at Arms to investigate the delay in the Aye Lobby.
Stephen Timms | 458 c1433 (Link to this contribution) I invite the hon. Gentleman to look at the details of the package and see, in particular, how helpfu...
Jim Devine | 458 c1432 (Link to this contribution) I am very grateful to my right hon. Friend for giving way. He talks about building Britain. Is he as...
Graham Stuart | 458 c1433 (Link to this contribution) I am extremely grateful to the Chief Secretary for giving way. Independent commentators assess the c...
David Gauke | 458 c1430 (Link to this contribution) Given that the Chief Secretary has quoted the Institute for Fiscal Studies, will he also confirm tha...
Theresa Villiers | 458 c1430 (Link to this contribution) Will the Chief Secretary confirm that a single person without children who earns less than £18,000 a...
Stephen Timms | 458 c1430 (Link to this contribution) What I can confirm is that there are more gainers than losers in every single income decile, and tha...
Theresa Villiers | 458 c1428-9 (Link to this contribution) We will certainly match the announcement on education. As for the rest, we want to wait for your com...
Stephen Timms | 458 c1428 (Link to this contribution) Given that the hon. Lady says that our public spending projections are consistent with her third fis...
Tony Lloyd | 458 c1429 (Link to this contribution) Does the Chief Secretary realise that while the attack on the Chancellor’s Budget by both the Libera...
Stephen Timms | 458 c1429 (Link to this contribution) We have had a memorable Budget and an interesting debate, and I thank all those who have contributed...
Stephen Timms | 458 c1430 (Link to this contribution) No, that is certainly not necessarily the case. The hon. Lady should support the Budget; under its m...
Stephen Timms | 458 c1432 (Link to this contribution) I shall give way once more, and then I must make some progress.
Stephen Timms | 458 c1432 (Link to this contribution) My hon. Friend is absolutely right about the record of Conservative Governments and the disastrous i...
Nick Palmer | 458 c1432 (Link to this contribution) Does the Chief Secretary not agree that, in fairness to the Conservatives, we should accept that the...
Stephen Timms | 458 c1430-2 (Link to this contribution) Thank you, Mr. Deputy Speaker. The Budget also addressed the challenge of climate change and the in...
Speaker | 458 c1430 (Link to this contribution) Order. I am sorry to interrupt the right hon. Gentleman, but the House should let the debate finish ...
Stephen Timms | 458 c1430 (Link to this contribution) But that change is offset. [Interruption.] Small businesses that invest will pay less tax as a resul...
Adam Afriyie | 458 c1430 (Link to this contribution) I thank the Chief Secretary for giving way. Will he confirm that a 16 per cent. increase in corporat...
Stephen Timms | 458 c1430 (Link to this contribution) I will give way one more time, after which I will make some progress.
Brian Binley | 458 c1430 (Link to this contribution) Will the Chief Secretary give way?
Stephen Timms | 458 c1430 (Link to this contribution) I will not give way for the moment. In terms of what I was talking about, the increase in the nation...
Mark Prisk | 458 c1359-60 (Link to this contribution) Does the Secretary of State recognise that, as the Federation of Small Businesses has shown, the vas...
Lord Darling of Roulanish | 458 c1360 (Link to this contribution) It is worth bearing it in mind that of the just over 4 million small businesses in this country, abo...
Robert Smith | 458 c1357 (Link to this contribution) Given the Secretary of State’s experience with the Pilot taskforce, he will know that a lot of manuf...
Lord Darling of Roulanish | 458 c1357-8 (Link to this contribution) I agree with the hon. Gentleman and, as he knows, I am making a point of chairing the six-monthly me...
David Gauke | 458 c1357 (Link to this contribution) Earlier this week, the economist Bridget Rosewell presented the Treasury Select Committee with evide...
Lord Darling of Roulanish | 458 c1357 (Link to this contribution) There are new jobs in the public sector. Indeed, it is a matter of some pride that there are more te...
Geoffrey Robinson | 458 c1366-7 (Link to this contribution) In fairness to the hon. Gentleman, he made that point earlier. He made one or two sensible points am...
Mark Prisk | 458 c1366 (Link to this contribution) So the Chancellor is going mad and his small company tax change is bonkers?
Geoffrey Robinson | 458 c1366 (Link to this contribution) May I tell the hon. Gentleman that the one thing to which he drew attention—staying out of the euro,...
Vincent Cable | 458 c1371-2 (Link to this contribution) The figures that the hon. Gentleman has mentioned are telling and I am sure that they will be used i...
David Anderson | 458 c1372-4 (Link to this contribution) I welcome the Budget, but I have a few points to raise about issues of concern. We need to look at e...
Vincent Cable | 458 c1367-71 (Link to this contribution) I reassure the hon. Member for Coventry, North-West (Mr. Robinson) that I do not intend to question ...
Mark Prisk | 458 c1371 (Link to this contribution) The hon. Gentleman rightly points out the difficulties. Is he aware that the Professional Contractor...
Graham Stuart | 458 c1374 (Link to this contribution) The hon. Gentleman’s passion for education and support for increased investment is clear to the enti...
David Anderson | 458 c1374-5 (Link to this contribution) I could argue about the figures, but I will not because I do not have time. The reality is that the ...
Mark Prisk | 458 c1362-4 (Link to this contribution) I begin by offering the apologies of my hon. Friend the Member for Rutland and Melton (Alan Duncan)....
Lord Darling of Roulanish | 458 c1360-2 (Link to this contribution) I have not studied Mr. Peston’s reports, or heard them recently, but I will take the trouble to do s...
Geoffrey Robinson | 458 c1365 (Link to this contribution) I am pleased to follow the Opposition spokesman in this debate. I am delighted that there is such a ...
Peter Luff | 458 c1365 (Link to this contribution) Will the hon. Gentleman give way?
Geoffrey Robinson | 458 c1365 (Link to this contribution) In a moment. By any standards, that is a remarkable set of outcomes. Any sensible Member of this Hou...
Peter Luff | 458 c1365 (Link to this contribution) Will the hon. Gentleman give way on that?
Geoffrey Robinson | 458 c1365 (Link to this contribution) I will in a moment, if the hon. Gentleman keeps quiet. That is something that none of us would be as...
Geoffrey Robinson | 458 c1366 (Link to this contribution) I shall give way to the hon. Gentleman.
Peter Luff | 458 c1366 (Link to this contribution) I strongly agree with what the hon. Gentleman has been saying, and I welcome his comments. In respon...
Graham Stuart | 458 c1412 (Link to this contribution) That very much depends on the size of the economy at the end of the Parliament, but it would appear ...
Ed Balls | 458 c1411 (Link to this contribution) I can confirm that, entirely consistent with our manifesto commitment, the share of education spendi...
Graham Stuart | 458 c1411 (Link to this contribution) Yes, and we all look forward to having a Liberal Government that will actually introduce those chang...
Graham Stuart | 458 c1411-2 (Link to this contribution) I am happy to agree that, if the hon. Gentleman and the Government can deliver that, they will have ...
Julia Goldsworthy | 458 c1409 (Link to this contribution) Does the hon. Gentleman admit that the Conservatives are Johnny-come-latelies to the argument for th...
Graham Stuart | 458 c1409 (Link to this contribution) I am grateful to my hon. Friend for mentioning that. There have never been more than two references ...
Julia Goldsworthy | 458 c1411 (Link to this contribution) May I draw the hon. Gentleman’s attention to last year’s Finance Bill and point out that the Liberal...
Graham Stuart | 458 c1410-1 (Link to this contribution) As the hon. Lady well knows, the Conservative Government signed Kyoto—[Interruption.] The noble Baro...
Lord Jackson of Peterborough | 458 c1409 (Link to this contribution) I agree with my hon. Friend that the Chancellor only goes green when he sees his poll ratings. Does ...
Charles Walker | 458 c1409 (Link to this contribution) Surely there must be some good news somewhere. It cannot really be this grim, can it?
Graham Stuart | 458 c1409 (Link to this contribution) I recognise that my speech is dirge-like in flavour. In 2006, the EAC again stated:"““We are very d...
Graham Stuart | 458 c1407-9 (Link to this contribution) It is a great privilege to follow my hon. Friend the Member for Northampton, South (Mr. Binley), who...
Brian Binley | 458 c1407 (Link to this contribution) The truth is that I did not read the bit to which the hon. Gentleman refers, but after this debate, ...
Andrew Love | 458 c1407 (Link to this contribution) The hon. Gentleman did not mention the Institute of Directors or its director, Miles Templeman. Can ...
Brian Binley | 458 c1406-7 (Link to this contribution) I accept that and thank you for your guidance, Mr. Deputy Speaker. There we have it. As I said, it ...
Speaker | 458 c1406 (Link to this contribution) Order. The hon. Gentleman must be careful about his phrasing, especially his use of the word ““you””...
Brian Binley | 458 c1405-6 (Link to this contribution) Of course we all need a stable economy—every business and every family in the land needs that. Howev...
Andrew Love | 458 c1405 (Link to this contribution) How do I answer that? Does the hon. Gentleman agree that all the surveys of small businesses show t...
Brian Binley | 458 c1405 (Link to this contribution) How can I refuse the hon. Gentleman who accompanied me to Sri Lanka?
Bob Spink | 458 c1414 (Link to this contribution) My hon. Friend talks about smoke, and he said that the Chancellor is scrapping the 10p rate of incom...
Philip Dunne | 458 c1413-4 (Link to this contribution) I remind the House of my entry in the register of Member’s interests. It is, as always, a great ple...
Graham Stuart | 458 c1412-3 (Link to this contribution) I think that the Economic Secretary has already dealt with that issue. The Budget did not touch on t...
Roberta Blackman-Woods | 458 c1412 (Link to this contribution) I am grateful to the hon. Gentleman for giving way. Does he accept that the table on page 158 of the...
Adam Afriyie | 458 c1416 (Link to this contribution) It will go up by 16 per cent. overall.
Philip Dunne | 458 c1415-6 (Link to this contribution) I am grateful to my hon. Friend, who is a tremendous champion of manufacturing, particularly in his ...
Nicholas Winterton | 458 c1415 (Link to this contribution) In all the 35-plus years in which I have served in the House, manufacturing industry has been my pri...
Philip Dunne | 458 c1414-5 (Link to this contribution) I am grateful to my hon. Friend for pointing out the reality of what the Chancellor has done. The Bu...
Graham Stuart | 458 c1412 (Link to this contribution) I am grateful for that intervention. The vision of removing all those on low pay—I think that my hon...
David Leslie Taylor | 458 c1412 (Link to this contribution) The hon. Gentleman was in the Chamber, as I was, when we first heard the Chairman of the Public Acco...
Lord Beamish | 458 c1397 (Link to this contribution) Does my hon. Friend agree that although we need that expansion in places such as Durham we do not ne...
Roberta Blackman-Woods | 458 c1396 (Link to this contribution) It is always an interesting and challenging experience to follow the hon. Member for Gainsborough (M...
Edward Leigh | 458 c1393-5 (Link to this contribution) I am famously not in the loop, so I do not know. I was very heartened by what the shadow Chancellor ...
Graham Stuart | 458 c1396 (Link to this contribution) My understanding is that there will be a 2.5 per cent. increase, not 2.5 per cent. in real terms.
Edward Leigh | 458 c1390-2 (Link to this contribution) Yes, that is a problem; it relates to an issue to do with cashable and non-cashable gains. We could ...
Kelvin Hopkins | 458 c1392 (Link to this contribution) If I heard the hon. Gentleman correctly, he suggested that the Australians have a top rate tax of 45...
Edward Leigh | 458 c1392-3 (Link to this contribution) It is impossible for me, sitting where I do, to give an absolute figure on what should be the starti...
David Leslie Taylor | 458 c1393 (Link to this contribution) The hon. Gentleman paints an interesting picture of alternative tax scenarios drawn from countries a...
Edward Leigh | 458 c1388-9 (Link to this contribution) It is a pleasure to follow the hon. Member for Coventry, South (Mr. Cunningham). This is the last d...
Jim Cunningham | 458 c1387-8 (Link to this contribution) I certainly agree with my hon. Friend about that. When we talk about the mis-selling of pensions an...
Jim Cunningham | 458 c1386-7 (Link to this contribution) What I remember about the 1980s is the destruction of the manufacturing industry of the west midland...
Graham Stuart | 458 c1386 (Link to this contribution) Will the hon. Gentleman travel back in time to 1980 when the link was broken? At that time, this cou...
Jim Cunningham | 458 c1386 (Link to this contribution) I was interested to hear what the right hon. and learned Member for Rushcliffe (Mr. Clarke) had to s...
David Anderson | 458 c1377 (Link to this contribution) The hon. Lady should write to The Times and ask Anatole Kaletsky that. To give credit where credit i...
Lord Clarke of Nottingham | 458 c1377-86 (Link to this contribution) I refer the House to my entry in the Register of Members’ Interests. In case anyone has any unworthy...
David Anderson | 458 c1375-7 (Link to this contribution) My hon. Friend and parliamentary neighbour is absolutely right. Phrases such as ““winter beds crisis...
Theresa Villiers | 458 c1377 (Link to this contribution) How can the Budget be a simplifying measure if it drives so many more people into the tax credit sys...
Brian Binley | 458 c1405 (Link to this contribution) I was grateful for the chance to get my breath back. I want to deal with giving with one hand and t...
Brian Binley | 458 c1404-5 (Link to this contribution) I am delighted to take an intervention from one of those Labour Members who has had business experie...
Andrew Love | 458 c1405 (Link to this contribution) Will the hon. Gentleman give way?
Graham Stuart | 458 c1402-3 (Link to this contribution) My hon. Friend has told us the compelling tale of the start of his business. I can boast having star...
Brian Binley | 458 c1403 (Link to this contribution) I did not know that, but I am delighted to accept it from my hon. Friend, because I know of his conc...
Rudi Vis | 458 c1403 (Link to this contribution) Are you suggesting that successful large companies—
Speaker | 458 c1403 (Link to this contribution) Order. I am not suggesting anything. Perhaps the hon. Gentleman would like to rephrase his question....
Rudi Vis | 458 c1403 (Link to this contribution) Do you accept, Mr. Deputy Speaker, that what the Gentleman is saying suggests that he is attacking l...
Brian Binley | 458 c1403-4 (Link to this contribution) I am delighted to tell the hon. Gentleman that that is total nonsense. He knows it, I know it and ev...
David Leslie Taylor | 458 c1404 (Link to this contribution) I declare an interest as an accountant to small business in a long period leading up to 1997. What t...
Brian Binley | 458 c1402 (Link to this contribution) I accept that entirely. Indeed, many of our local shopkeepers now come from another culture, and the...
Theresa Villiers | 458 c1402 (Link to this contribution) Does my hon. Friend agree that the hit on small companies in the form of increased taxes in a more c...
Brian Binley | 458 c1401-2 (Link to this contribution) I congratulate the hon. Member for City of Durham (Dr. Blackman-Woods) on her wide-ranging speech. M...
Roberta Blackman-Woods | 458 c1399-401 (Link to this contribution) That is the case. Tenants in my city voted against a transfer some years ago. However, those tenants...
Roberta Blackman-Woods | 458 c1397-8 (Link to this contribution) I entirely agree and I shall mention the regional spatial strategy later on. I am pleased that the ...
Roberta Blackman-Woods | 458 c1399 (Link to this contribution) That is an interesting proposition and I am sure that Ministers will give it consideration, even if ...
Paul Beresford | 458 c1399 (Link to this contribution) Does the hon. Lady accept that many local authorities have not transferred their stock because there...
Roberta Blackman-Woods | 458 c1398 (Link to this contribution) Absolutely—I agree totally and would very much like to see that on the agenda. I understand from th...
James Gray | 458 c1398-9 (Link to this contribution) I welcome the fact that the hon. Lady would like to see the abolition of the regional assemblies, wh...
Lord Darling of Roulanish | 458 c1355-6 (Link to this contribution) This is the last day of the debate on the Budget proposed last week by my right hon. Friend the Chan...
Graham Stuart | 458 c1356 (Link to this contribution) The Secretary of State is giving us a list describing the golden uplands of Labour economic manageme...
Bob Spink | 458 c1424 (Link to this contribution) What does my hon. Friend think that his hard-pressed and long-suffering council tax payers, particul...
Theresa Villiers | 458 c1428 (Link to this contribution) We are lagging. We are 22nd out of 27 members of the EU in terms of growth, and unemployment grew mo...
Lord Darling of Roulanish | 458 c1358-9 (Link to this contribution) The current North sea oil price is not so very different from 12 months ago. We have made it clear o...
Robert Smith | 458 c1358 (Link to this contribution) I thank the Secretary of State for giving way again. Does he recognise that a lot of that extra inve...
Stephen Timms | 458 c1433 (Link to this contribution) I do not agree with the hon. Gentleman’s figure. I refer him to Lord Turner’s report and I hope that...
Stephen Timms | 458 c1429 (Link to this contribution) I cannot say that. I can say, however, that most households are better off. Let me quote what the In...
Lord Darling of Roulanish | 458 c1356-7 (Link to this contribution) The hon. Gentleman carefully picked a few years of the 18 years that the Conservatives were in power...
Lord Beamish | 458 c1375 (Link to this contribution) Does my hon. Friend agree that another welcome change from those dark Tory days is that we have not ...
Roberta Blackman-Woods | 458 c1396-7 (Link to this contribution) My understanding was that it was a real-terms increase, which will, we hope, deliver excellent resea...
Theresa Villiers | 458 c1389-90 (Link to this contribution) Is my hon. Friend concerned that some of the Gershon programmes have impacted negatively on service ...
Geoffrey Robinson | 458 c1387 (Link to this contribution) Would my hon. Friend care to comment on another aspect of the issue raised by the Opposition: that a...
Lord Beamish | 458 c1398 (Link to this contribution) Does my hon. Friend agree that one step forward would be to abolish the unaccountable regional assem...
Stephen Timms | 458 c1432-3 (Link to this contribution) My hon. Friend is absolutely right. That policy makes no sense at all, and I know that his views wil...
Mark Prisk | 458 c1360 (Link to this contribution) The annual investment allowance changes mean that unless one invests £50,000, one receives no benefi...
Subjects
Companies Business Investment Income tax Fiscal policy Economic situation Manufacturing industries Small businesses Regulation Trade Taxation Productivity Budget March 2007
Link
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