Scotland Bill

If my hon. Friend is saying that the sucking of powers into Edinburgh has not benefited Edinburgh, things are even worse than I thought, and I will certainly take that into account in future. The Committee dealt in detail with corporation tax, and we also welcomed the Scottish Parliament Committee's points on the subject. Professor Muscatelli summarised the main reason why, on balance, we came down against the devolution of corporation tax, saying:"““tax competition was the main reason why our group recommended that corporation tax should not be devolved.””" He made the point that it was very likely that a reduction in corporation tax in one UK jurisdiction would result in the cannibalisation of tax from other parts of the UK.