The right hon. Gentleman says that they supported it, but the plans I inherited from Labour's March 2010 Budget, which presumably he voted for, were to increase the small companies tax rate. We reversed that and cut taxes. We are also taking more than 1 million low-paid people out of tax and trying to get the unemployed back into work.
I was in Northern Ireland on Friday, meeting the political leaders and visiting a very successful manufacturing business in Ballymena, and the point I make to the hon. Member for Foyle (Mark Durkan) is that we are consulting on the future of corporation tax rates there, reflecting the fact that it shares a land border with the Republic of Ireland, which has a much lower rate of corporation tax.
The Economy
Proceeding contribution from
George Osborne
(Conservative)
in the House of Commons on Wednesday, 22 June 2011.
It occurred during Opposition day on The Economy.
Type
Proceeding contribution
Reference
530 c356 
Session
2010-12
Chamber / Committee
House of Commons chamber
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Timestamp
2023-12-15 16:49:00 +0000
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