Finance Bill

My Lords, I thank the Minister for trying to address my point. I take it that he agrees with my point that when this Government came into office, British corporation tax rates ranked very high up—that is, we had a very low rate of corporation tax. We were about fourth or fifth in the current EU 27, whereas we are now about 15th. We have fallen a long way down because our corporation tax has been reduced less than our partners have reduced theirs.