The Chancellor will be aware that Ireland is locked into a serious deficit reduction plan. He may also be aware that next week, as part of its budget for jobs, a targeted VAT cut to 9% will kick in for the tourism sector and last for 18 months. It follows similar cuts made by France and Germany to 7% and 5.5% respectively. Does he rule out targeted VAT cuts to support jobs and growth in particular sectors at the same time as deficit reduction, because that is what other countries are doing?
The Economy
Proceeding contribution from
Mark Durkan
(Social Democratic & Labour Party)
in the House of Commons on Wednesday, 22 June 2011.
It occurred during Opposition day on The Economy.
Type
Proceeding contribution
Reference
530 c355
Session
2010-12
Chamber / Committee
House of Commons chamber
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Timestamp
2023-12-15 16:48:58 +0000
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