The Chancellor was incorrect in saying that when the banks return to profit, they will pay corporation tax, because there will be £80 billion of losses to set off first. Does he not think that the citizens of the United Kingdom will be amazed by the fact that banks will be making billions of pounds in profit and not paying a single penny of corporation tax?
Pre-Budget Report
Proceeding contribution from
Peter Bone
(Conservative)
in the House of Commons on Wednesday, 9 December 2009.
It occurred during Ministerial statement on Pre-Budget Report.
Type
Proceeding contribution
Reference
502 c383
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-08 16:39:57 +0000
URI
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