Business of the House

I look forward to my hon. Friend's contribution to the Budget debate. He makes a good point. The bank levy is a permanent levy that will produce in one year more than the one-off net amount raised in tax by the Labour party, which has been overspent many times and will pay for the reduction in VAT, the cancellation of the increase in petrol duty, and a number of other reforms. I hope that we shall be able to have an open debate on how the Opposition's mathematics add up.