I should like to echo my hon. Friend's words, especially given that the Government will reduce annual investment allowances by £75,000 under the Bill, which determines that a monetarist miracle will be export-led. Given that on emergency Budget day, the Engineering Employers Federation, which represents manufacturers, said:"““Reducing the corporation tax rate over time…might be a positive signal for large companies, but not for their suppliers””,"
how will that meet export-led targets that are predicted, yet not witnessed since 1945, especially when the majority of nations' economies are contracting?
Finance Bill
Proceeding contribution from
Tom Blenkinsop
(Labour)
in the House of Commons on Tuesday, 20 July 2010.
It occurred during Debate on bills on Finance Bill.
About this proceeding contribution
Reference
514 c224 Session
2010-12Chamber / Committee
House of Commons chamberSubjects
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2023-12-15 18:00:07 +0000
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