Treasury and Work and Pensions

I would not give much for the right hon. Gentleman’s advice. At a presentation that he gave only a few months ago, he asked:"““What are the most attractive locations today?””" and spoke of"““The lure of the USA…of China…of India…of the UK.””" On the question of why companies want to come to Britain, he said:"““Places like Ireland, the UK, the USA, Hong Kong, Singapore attract because their tax rates for business are low.””" Let us be clear. The right hon. Member for Wokingham is chairman of the Conservative party’s economic competitiveness working party. He produces recommendations, including considering the use of vouchers—this is the answer to the shadow Chancellor’s point about the recommendation on poverty—in place of rights to public services. [Interruption.] I am happy to read it out to the right hon. Gentleman during the debate. Conservative Members will be very interested to learn that, at a time when we are discussing what has happened to Farepak, he has recommended that regulation for low-cost savings products should be removed if people do not want to sign up to such regulation.