UK Parliament / Open data

Finance Bill

Debate on bills on Monday, 23 April 2007, in the House of Commons, led by Stephen Timms. The answering member was Theresa Villiers.
Finance Bill. Second reading debate. Amendment debated and negatived on division (168 votes to 283). Original motion agreed to on question. Ordered that Clauses 1, 3, 7, 8, 12, 20, 21, 25, 67, 81 to 84, Schedules 1, 18, 22, 23, and new clauses relating to microgeneration be committed to a Committee of the Whole House; that the remainder of the bill be committed to a Public Bill Committee; that when the provisions of the Bill considered by the Committee of the Whole House and Public Bill Committee, the bill be proceeded with as if it had been reported as a whole to the House from the Public Bill Committee.
Type
Parliamentary proceeding
Reference
459 c656-763 
Session
2006-07
Department
Treasury
Legislative stage
Second reading
Chamber / Committee
House of Commons chamber
Related items
Finance Bill. Explanatory Notes on Clauses 1 to 47 (volume 1) and Clauses 48 to 113 (volume 2) also published.
Tuesday, 27 March 2007
Bills
House of Commons
The 2007 budget. Treasury Select committee fifth report in 2 volumes with proceedings, evidence (HC 389 i-iii not printed separately) and appendices.
Wednesday, 18 April 2007
Parliamentary committees
House of Commons
Proceeding contributions
Theresa Villiers | 459 c756 (Link to this contribution) Will the hon. Gentleman give way?
John Healey | 459 c757-60 (Link to this contribution) We have made it clear that we do not intend that the provisions—indeed, we have deliberately drawn t...

Show all contributions (264)
John Healey | 459 c756 (Link to this contribution) May I respond to the hon. Lady’s principal point? If I do not answer it, of course I will give way. ...
Theresa Villiers | 459 c756 (Link to this contribution) Does the Financial Secretary believe that any contractor who outsources administrative and managemen...
Rob Marris | 459 c704-5 (Link to this contribution) I entirely agree. The right hon. Gentleman foreshadows remarks that I was about to make on building ...
John Redwood | 459 c704 (Link to this contribution) Under this part of the amendment, does the hon. Gentleman agree that the two most important steps th...
Rob Marris | 459 c702-4 (Link to this contribution) I am grateful to you for that guidance, Mr. Deputy Speaker. Climate change is already happening in ...
Speaker | 459 c702 (Link to this contribution) Order. The House will be grateful if the hon. Gentleman’s comments on this point are rather short.
Rob Marris | 459 c700-1 (Link to this contribution) I think that there is frustration throughout the House about the fact that, although the Government ...
Rob Marris | 459 c700 (Link to this contribution) It could be disastrous. Any subsequent Government might not have enough money to meet the commitment...
Robert Flello | 459 c700 (Link to this contribution) My hon. Friend is a very learned Member, if I may use that term in its widest sense. What effect doe...
Rob Marris | 459 c699-700 (Link to this contribution) I agree with my hon. Friend and neighbour. To put it succinctly, there were some rip-off merchants a...
Andrew Miller | 459 c696 (Link to this contribution) My hon. Friend might be interested to know that H. H. Robertson was originally the Wolverhampton Iro...
Rob Marris | 459 c696 (Link to this contribution) My hon. Friend is right. There are strong links between his constituency and mine, forged not least ...
Philip Dunne | 459 c696 (Link to this contribution) The hon. Gentleman places considerable emphasis on pensions holidays as a contributory factor to the...
Rob Marris | 459 c696-7 (Link to this contribution) We debated pensions last Tuesday and Wednesday. I was in the Chamber for part of Tuesday’s debate, a...
Rob Marris | 459 c697-9 (Link to this contribution) As a non-practising solicitor, I can tell my hon. Friend that it does work with lawyers, because I g...
Ken Purchase | 459 c699 (Link to this contribution) My hon. Friend mentioned Government leaflets and advice. Does he accept that any Government must dep...
Rob Marris | 459 c695-6 (Link to this contribution) I would not want the hon. Gentleman, or the House, to think that I am suggesting that everything is ...
Stewart Hosie | 459 c695 (Link to this contribution) Before the hon. Gentleman gets too carried away describing this utopia for senior citizens, he will ...
Rob Marris | 459 c694 (Link to this contribution) My hon. Friend is absolutely right. I say rhetorically—I stress the adverb ““rhetorically?, because ...
Rob Marris | 459 c694 (Link to this contribution) I note the right hon. Gentleman’s sedentary intervention. I made it absolutely clear that the £69—co...
Robert Flello | 459 c694 (Link to this contribution) I seem to recall members of the then Conservative Government telling pensioners to stay in one room,...
Rob Marris | 459 c694-5 (Link to this contribution) My hon. Friend is absolutely right. Contrary to the perceptions of some individuals, the Government’...
Andrew Miller | 459 c694 (Link to this contribution) Should not we also remember the previous Administration’s imposition of VAT on fuel, which penalised...
Rob Marris | 459 c694 (Link to this contribution) As ever, I stand to be corrected, but part of that intervention shows the shocking state of the coun...
Rob Marris | 459 c692-3 (Link to this contribution) The hon. Gentleman is quite right. That may say something about the quality of the contribution by t...
Rob Marris | 459 c693-4 (Link to this contribution) Of course it includes pension credit. The hon. Lady will intervene on me if I have misunderstood her...
Rob Marris | 459 c693 (Link to this contribution) I shall give way to the hon. Lady if she is champing at the bit again.
Rob Marris | 459 c693 (Link to this contribution) If someone is quoting people approvingly, it is better to know the substance to which the quote rela...
Theresa Villiers | 459 c693 (Link to this contribution) I was indeed quoting approvingly, but I was quoting with the authority of new Labour’s first pension...
Rob Marris | 459 c693 (Link to this contribution) I may have misunderstood the hon. Lady—I apologise if I have—but she was quoting that person approvi...
Theresa Villiers | 459 c693 (Link to this contribution) I did not make that assertion; it was new Labour’s first pensions Minister who did. Was he wrong?
John Redwood | 459 c694 (Link to this contribution) Most pensioners do not think that a load more administrators and a very expensive computerisation pr...
Rob Marris | 459 c692 (Link to this contribution) My hon. Friend is absolutely right. Again, it underlines my point that the hon. Member for Falmouth ...
Julia Goldsworthy | 459 c692 (Link to this contribution) It is better than nothing at all, which is what we get from the Conservatives.
Rob Marris | 459 c692 (Link to this contribution) Indeed. As is so often the case, that is not a good idea, but it is something that the hon. Lady all...
Andrew Miller | 459 c692 (Link to this contribution) Does my hon. Friend think it a little odd that the Liberal Democrat spokesperson, who represents a c...
Mark Francois | 459 c692 (Link to this contribution) I apologise for interrupting the hon. Gentleman’s flow, but it is worth noting that not only do we n...
Rob Marris | 459 c692 (Link to this contribution) Well, that is certainly true with the Liberal Democrats, because we do not really have any Liberal D...
Julia Goldsworthy | 459 c690 (Link to this contribution) I am just about to conclude my speech, so if the hon. Gentleman does not mind, I will not. The key ...
Julia Goldsworthy | 459 c689-90 (Link to this contribution) Let me offer an alternative that the right hon. Lady might find more palatable. If Treasury Minister...
Julia Goldsworthy | 459 c691 (Link to this contribution) I would be interested to hear from the Minister why the Finance Bill was specifically excluded from ...
Rob Marris | 459 c691 (Link to this contribution) I want to make two further points about the hon. Lady’s speech, then I will gladly give way to her. ...
Rob Marris | 459 c690 (Link to this contribution) I should like to clarify one or two points raised by the hon. Member for Falmouth and Camborne (Juli...
Rob Marris | 459 c691 (Link to this contribution) On the hon. Lady’s first point, I cannot answer for the Minister. The Minister is answerable for the...
Julia Goldsworthy | 459 c684-6 (Link to this contribution) I am sure that the right hon. Gentleman will know that it is the recommendation of the all-party gro...
Rob Marris | 459 c687 (Link to this contribution) The hon. Lady gets my brass neck of the day award. Three minutes ago, she suggested a very complicat...
Julia Goldsworthy | 459 c686-7 (Link to this contribution) I was not going to raise that, but there is an issue about the accessibility of rural areas. Of cour...
Julia Goldsworthy | 459 c687 (Link to this contribution) I assume that the hon. Gentleman believes that the current banding of vehicle excise duty is too com...
Baroness Primarolo | 459 c689 (Link to this contribution) On that point, the idea that there should be a Finance Bill every two years is not a new proposition...
Julia Goldsworthy | 459 c687-9 (Link to this contribution) I want to try to make some progress, if the hon. Gentleman does not mind. The anti-avoidance provis...
Baroness Primarolo | 459 c689 (Link to this contribution) The point I was making to the hon. Lady was that there is a difference between policy and technical ...
Julia Goldsworthy | 459 c689 (Link to this contribution) Not every single clause in the Bill deals with those issues, which could be dealt with through a bee...
John Redwood | 459 c684 (Link to this contribution) Is the hon. Lady saying that it is Liberal Democrat policy to put £2,000 a year in extra tax on cert...
Philip Dunne | 459 c683 (Link to this contribution) The hon. Lady refers to the poultry sector. Her constituency covers a remote agricultural area. Has ...
Julia Goldsworthy | 459 c683-4 (Link to this contribution) The hon. Gentleman is right. The measure will affect many other sectors. The key point is that the b...
Doug Henderson | 459 c681 (Link to this contribution) The hon. Gentleman raises an awful lot of issues in that intervention. Scottish small companies are ...
Julia Goldsworthy | 459 c681-3 (Link to this contribution) The hon. Member for Newcastle upon Tyne, North (Mr. Henderson) raised some interesting questions abo...
Stewart Hosie | 459 c681 (Link to this contribution) I am enjoying the hon. Gentleman’s treatise on the commanding heights of the economy from a free mar...
Theresa Villiers | 459 c680 (Link to this contribution) I am very grateful to the hon. Gentleman for being so generous in giving way. As he considers how to...
John Redwood | 459 c679 (Link to this contribution) Over the past 10 years, the London economy has grown twice as quickly as those in Scotland and the n...
Doug Henderson | 459 c680 (Link to this contribution) If I knew the answer to that, I would have solved an awful lot of problems in my constituency and el...
Doug Henderson | 459 c680 (Link to this contribution) As my hon. Friend says, part of the answer is skills, but another part is cultural. For example, fir...
Doug Henderson | 459 c678 (Link to this contribution) I understand the predicament in areas such as the one the hon. Lady represents. Helping small busine...
Theresa Villiers | 459 c678 (Link to this contribution) No one is suggesting that we should throw money at micro-businesses. The point is that we should not...
Doug Henderson | 459 c679 (Link to this contribution) I feel that I should apologise for repeating myself, Mr. Deputy Speaker, although I do not seem to b...
Stephen Timms | 459 c662 (Link to this contribution) The figure that I cited is the difference between the emissions after the change to APD and the amou...
Justine Greening | 459 c662 (Link to this contribution) Did the figure on aviation that the Chief Secretary gave us take account of the proposed expansion o...
Theresa Villiers | 459 c662-3 (Link to this contribution) I beg to move, To leave out from ““That" to the end of the Question, and to add instead thereof: "th...
Lord Field of Birkenhead | 459 c663 (Link to this contribution) When the time comes and an amendment is tabled to provide transitional protection for workers who wi...
Theresa Villiers | 459 c663-4 (Link to this contribution) We will assess that amendment when we see it. We will certainly give consideration to the question t...
Kitty Ussher | 459 c664 (Link to this contribution) I have listened to the hon. Lady’s speech but I am slightly confused, because she quoted a business ...
Theresa Villiers | 459 c664 (Link to this contribution) The proposals will not help small business. They will lead to a higher tax bill for small business a...
Doug Henderson | 459 c664 (Link to this contribution) I am not trying to be awkward, and I understand some of the points that the hon. Lady is making abou...
Theresa Villiers | 459 c664 (Link to this contribution) Small businesses are affected by rising inflation, like everyone else; they are also affected by ris...
Julia Goldsworthy | 459 c664 (Link to this contribution) Does the hon. Lady agree that small and medium-sized enterprises include micro-businesses with fewer...
Stewart Hosie | 459 c660 (Link to this contribution) The Chief Secretary is talking about the ability of companies to invest in some of the things that t...
Stephen Timms | 459 c661 (Link to this contribution) If the hon. Lady looks at the arithmetic set out in the Red Book, she will see that the package has ...
Stephen Timms | 459 c660-1 (Link to this contribution) No, I do not think that I am. Of course, I am not familiar with the figures that the hon. Gentleman ...
Julia Goldsworthy | 459 c661 (Link to this contribution) On the issue of personal taxation, will the Minister explain why the changes were not included in th...
Stephen Timms | 459 c662 (Link to this contribution) A very small number, but we want a great deal more. As I said, we want to change the whole nature of...
Julia Goldsworthy | 459 c662 (Link to this contribution) Will the right hon. Gentleman give way?
Stephen Timms | 459 c661 (Link to this contribution) The cost on introduction is small because there are very few zero-carbon homes. I am pleased to be a...
Theresa Villiers | 459 c661 (Link to this contribution) Is the Chief Secretary aware of how many zero-carbon homes exist in the United Kingdom?
Stephen Timms | 459 c662 (Link to this contribution) I am going to make a little more progress. Clauses 20 and 21 encourage the use of domestic microgen...
John Redwood | 459 c671 (Link to this contribution) The amendment is entitled to refer to all aspects of the Budget, but on its first point—competitiven...
Doug Henderson | 459 c672 (Link to this contribution) I am also a bit of an anorak on football goal averages, so I am always happy to look at statistics. ...
Theresa Villiers | 459 c672 (Link to this contribution) Is the hon. Gentleman concerned that this country came 22nd out of 27 European Union member states o...
Philip Dunne | 459 c673 (Link to this contribution) I am grateful to the hon. Gentleman for the history lesson in fluctuating interest rates. I think th...
Doug Henderson | 459 c673 (Link to this contribution) I am happy to have an interjection of monetarism into my historical examination. To go back to the 1...
Theresa Villiers | 459 c672 (Link to this contribution) The hon. Gentleman was comparing the position in 1997 with the position now. Is he concerned that in...
Doug Henderson | 459 c672 (Link to this contribution) I am grateful to the hon. Lady for raising that point again. When I was a union official in the earl...
Robert Flello | 459 c672 (Link to this contribution) Will my hon. Friend also consider the impact of interest rates—which, in the early 1990s, were at 15...
Doug Henderson | 459 c672-3 (Link to this contribution) I welcome my hon. Friend’s point. In those days, it was not just the high level of interest rates th...
Theresa Villiers | 459 c665-8 (Link to this contribution) There are many ways in which we need seriously to reform the tax system so that it becomes much simp...
Kitty Ussher | 459 c665 (Link to this contribution) The hon. Lady talks about complexity. Why, therefore, are more small companies operating in the Brit...
Theresa Villiers | 459 c664-5 (Link to this contribution) The hon. Lady makes a good point, and one of the big disadvantages of the increasing complexity in t...
Doug Henderson | 459 c670-1 (Link to this contribution) I refer the House to my entry in the Register of Members’ Interests. It is sometimes useful to remi...
Theresa Villiers | 459 c670 (Link to this contribution) No, I am about to conclude my speech. The hon. Gentleman will have his chance later. In conclusion,...
Ed Balls | 459 c669 (Link to this contribution) Does the hon. Lady support the principle of pensions tax relief being available for term assurance?
Theresa Villiers | 459 c669-70 (Link to this contribution) What we want is for the Government to work out what they want to happen to pensions and to stick to ...
David Gauke | 459 c668 (Link to this contribution) Before my hon. Friend leaves the subject of fraud—specifically MTIC, or missing trader intra-Communi...
Theresa Villiers | 459 c668-9 (Link to this contribution) Getting the derogation is certainly welcome, but it is deeply regrettable that it has come at the ex...
Doug Henderson | 459 c677 (Link to this contribution) I am happy to give way to the hon. Gentleman, but I should say that I do not usually go on at such l...
Brian Binley | 459 c678 (Link to this contribution) The hon. Gentleman is being very generous. I just wondered how many service industry small businesse...
Doug Henderson | 459 c678 (Link to this contribution) Of course I accept that there is a disproportionate impact on small businesses. That is bound to be ...
Doug Henderson | 459 c678 (Link to this contribution) Yes. The service sector is crucially important, but we are now seeing changes in definition. When I ...
Julia Goldsworthy | 459 c678 (Link to this contribution) I thank the hon. Gentleman for giving way, because I am keen that he does not underestimate the impo...
Doug Henderson | 459 c678 (Link to this contribution) The hon. Lady has been so helpful that I must give way to her again.
Julia Goldsworthy | 459 c673 (Link to this contribution) Does the hon. Gentleman agree that one key to ensuring that we have more stable inflation and intere...
Doug Henderson | 459 c674 (Link to this contribution) I come back to the point that I raised with the hon. Member for Chipping Barnet. I am not underplayi...
Doug Henderson | 459 c673-4 (Link to this contribution) The leader of the hon. Lady’s party was helpful in the Budget debate in acknowledging the success of...
Brian Binley | 459 c674 (Link to this contribution) Does the hon. Gentleman appreciate that we are in the middle of a cycle where UK plc is shedding abo...
Doug Henderson | 459 c677 (Link to this contribution) Before the hon. Gentleman intervenes again, he should know that I am not a born sycophant. Although ...
Philip Dunne | 459 c677 (Link to this contribution) I do not wish to interrupt the hon. Gentleman’s paeon of praise for the various measures in the Budg...
Doug Henderson | 459 c674-7 (Link to this contribution) Beijing, yes. Bombay—well, that has changed to Mumbai. Small business people who are trying to sell...
Robert Flello | 459 c677 (Link to this contribution) Does my hon. Friend agree—in relation to his earlier point—that when it comes to selling products ar...
Stephen Timms | 459 c660 (Link to this contribution) Perhaps the hon. Lady will tell us when she speaks whether her party would reverse the change. We ar...
Theresa Villiers | 459 c660 (Link to this contribution) The Chief Secretary has been extremely generous in giving way. Does he recognise the problem for man...
Stephen Timms | 459 c659 (Link to this contribution) I shall come to the small companies corporation tax rate in a moment, but let me say a little more a...
Justine Greening | 459 c659 (Link to this contribution) I am listening carefully to the Chief Secretary’s comments about corporation tax. Small companies in...
Stephen Timms | 459 c658-9 (Link to this contribution) Inflation is currently at 3.1 per cent., and the hon. Lady may have noticed that the recent sending ...
Stephen Timms | 459 c658 (Link to this contribution) On tax, spending and borrowing, the balance that we strike is of crucial importance. Our commitment,...
Theresa Villiers | 459 c658 (Link to this contribution) May I clarify something for the House? The abolition of the 10p rate is not referred to in the reaso...
Stephen Timms | 459 c657-8 (Link to this contribution) I welcome the report that has been published today. We will reflect on all the points that it makes....
Julia Goldsworthy | 459 c657 (Link to this contribution) Will the Chief Secretary respond to the recommendations in the Treasury Committee’s report on the 20...
Lord Field of Birkenhead | 459 c657 (Link to this contribution) But does my right hon. Friend not accept that some people will be worse off and that some of them mi...
Stephen Timms | 459 c657 (Link to this contribution) I am absolutely certain that my right hon. Friend will receive answers shortly. I am sure that he ha...
Stephen Timms | 459 c657 (Link to this contribution) My right hon. Friend may be correct about that. Some, no doubt, will find themselves a little worse ...
Rob Marris | 459 c656 (Link to this contribution) As a west midlands MP, may I remind my right hon. Friend that although it is sad that a huge number ...
Stephen Timms | 459 c656 (Link to this contribution) As I have just said, and as the right hon. Gentleman knows, record numbers of people are in employme...
Lord Field of Birkenhead | 459 c657 (Link to this contribution) On fair taxation, can my right hon. Friend tell me how many representations he has received from low...
Stephen Timms | 459 c657 (Link to this contribution) It has, with particularly strong figures in recent months, as I said, which reflect the strength in ...
Speaker | 459 c656 (Link to this contribution) I have selected the amendment in the name of the Leader of the Opposition.
John Redwood | 459 c656 (Link to this contribution) Can the Minister explain why 1 million manufacturing jobs were lost in Britain over that decade and ...
Stephen Timms | 459 c656 (Link to this contribution) I beg to move, That the Bill be now read a Second time. At the time of the Budget, my right hon. Fr...
Paul Farrelly | 459 c725 (Link to this contribution) The right hon. Gentleman says that risk was more properly transferred to the private sector. Will he...
John Redwood | 459 c725 (Link to this contribution) Of course, if one changes the accounting rules and puts on extra deficits, the deficit will be bigge...
Ed Balls | 459 c725 (Link to this contribution) The right hon. Gentleman knows that nowadays the majority of PFI liabilities are being recorded on t...
John Redwood | 459 c726-7 (Link to this contribution) If the hon. Gentleman examines the record, he will realise that I made health the No. 1 priority in ...
Speaker | 459 c726 (Link to this contribution) Order. I am sorry to interrupt the right hon. Gentleman, but there has been far too much noise from ...
John Redwood | 459 c726 (Link to this contribution) The hon. Gentleman makes a crass point from a sedentary position. [Interruption.]
Ed Balls | 459 c724 (Link to this contribution) The right hon. Gentleman would agree that the way in which we treat public sector pensions in the na...
John Redwood | 459 c724 (Link to this contribution) The Minister is wrong to provoke me on this issue, because, in citing those figures, he does not tel...
John Healey | 459 c722 (Link to this contribution) The right hon. Gentleman has been very kind in giving way, and I thank him for that. May we assume t...
Ed Balls | 459 c723 (Link to this contribution) I am happy to take the opportunity to continue this most enjoyable debate. The right hon. Gentleman ...
John Redwood | 459 c723 (Link to this contribution) The world was very different in 1997. Taxes around the world were a lot higher in our competitor nat...
John Redwood | 459 c724 (Link to this contribution) That has nothing to do with this argument. The economy was growing strongly and the Conservative Gov...
Robert Flello | 459 c711 (Link to this contribution) My hon. Friend makes an extremely good point. If an organisation is not willing to undertake the tra...
Stewart Hosie | 459 c712 (Link to this contribution) What are the five tests that the Government set? What is the difference between those and the origin...
Rob Marris | 459 c709 (Link to this contribution) Will the hon. Gentleman give way?
James Brokenshire | 459 c709 (Link to this contribution) Not on this occasion—I am just about to finish. Small companies face huge uncertainty: rising infla...
Robert Flello | 459 c709 (Link to this contribution) I want to take a few moments of the House’s time to go through a few points in the Bill that relate ...
Robert Flello | 459 c709 (Link to this contribution) Indeed, closed by the Tories. Those countries also had an impact on the Shelton Bar steelworks, whic...
Rob Marris | 459 c710 (Link to this contribution) Is my hon. Friend aware that a table is produced by, I think, the Organisation for Economic Co-opera...
Robert Flello | 459 c710 (Link to this contribution) I am grateful to my hon. Friend for making that point. The code and the tax legislation are there fo...
John Redwood | 459 c710 (Link to this contribution) Does the hon. Gentleman agree that if we had the same income and company tax rates as those in the b...
Robert Flello | 459 c710 (Link to this contribution) Our employment levels speak for themselves. When we take into account federal tax, state tax and cou...
Ed Balls | 459 c720 (Link to this contribution) To summarise, the right hon. Gentleman is saying that the proceeds of growth rule will mean an accel...
John Redwood | 459 c720 (Link to this contribution) If we had a faster growth rate, I would expect the amount spent on public services to go up faster t...
John Healey | 459 c722 (Link to this contribution) The right hon. Gentleman is whetting our appetite. Will he tell us when his report will be published...
Ed Balls | 459 c721 (Link to this contribution) I am slightly worried that the right hon. Gentleman is backing off from his previous positions. His ...
John Redwood | 459 c722 (Link to this contribution) I have been crystal clear with the House: my personal position is that I would like to get rid of al...
Kelvin Hopkins | 459 c717 (Link to this contribution) Is not the right hon. Gentleman in effect condoning VAT fraud? There is a vast amount of such fraud ...
John Redwood | 459 c717-8 (Link to this contribution) I was careful not to condone any kind of fraud. If someone is guilty of deliberately misleading Her ...
Robert Flello | 459 c713-4 (Link to this contribution) Indeed. On energy-saving houses, it is a little rich—to quote the phrase again—of Her Majesty’s loy...
John Redwood | 459 c719-20 (Link to this contribution) The Economic Secretary will have to contain his excitement. My personal position is well known and w...
John Redwood | 459 c718-9 (Link to this contribution) On the contrary. Of course people have to pay the taxes that are due. However, we now have the combi...
Dan Rogerson | 459 c719 (Link to this contribution) Does the right hon. Gentleman agree that smaller enterprises are fearful of experiencing problems be...
Ed Balls | 459 c719 (Link to this contribution) I am sure that the right hon. Gentleman is sincere in his statements to the House that he is in no w...
Andrew Miller | 459 c708 (Link to this contribution) The hon. Gentleman is making an interesting point, but what does he think is in the best interests o...
Robert Flello | 459 c705 (Link to this contribution) Does my hon. Friend agree that we need a fundamental review of our infrastructure in many areas? For...
James Brokenshire | 459 c706-8 (Link to this contribution) It is always a pleasure to follow the hon. Member for Wolverhampton, South-West (Rob Marris), who ma...
John Redwood | 459 c725 (Link to this contribution) The fact that people make a profit out of something does not mean that they are not absorbing risk. ...
Mark Tami | 459 c726 (Link to this contribution) Can the right hon. Gentleman send the money back?
John Redwood | 459 c724-5 (Link to this contribution) Again, the world has moved on. In 1997, companies did not have to put pension deficits on to their b...
John Redwood | 459 c722-3 (Link to this contribution) No. I am sure that the report will be published; the issue is whether it will be published as a seri...
John Healey | 459 c724 (Link to this contribution) Perhaps I could help the right hon. Gentleman. In response to my hon. Friend the Member for North-We...
Rob Marris | 459 c711-2 (Link to this contribution) My hon. Friend may be aware that when arguing for lower corporation taxes—and the Budget does cut co...
Robert Flello | 459 c712 (Link to this contribution) I am grateful once more for the wise words from my hon. Friend. In the extremely inspired piece of i...
Robert Flello | 459 c712-3 (Link to this contribution) I am grateful for the hon. Gentleman’s intervention. In answer to his first question, I recommend to...
Ed Balls | 459 c721 (Link to this contribution) I assure the right hon. Gentleman that I have no intention of rushing out a press release. I was jus...
John Redwood | 459 c721 (Link to this contribution) I do not remember ever being so incautious as to name a figure as a proportion of GDP. The amount of...
John Redwood | 459 c720-1 (Link to this contribution) The Economic Secretary is moving from being sensible to playing silly crude politics of the kind tha...
Ed Balls | 459 c720 (Link to this contribution) And the right hon. Gentleman would expect the public spending share of national income to fall over ...
John Redwood | 459 c714-7 (Link to this contribution) I am a non-executive director of companies and I am also a trustee of a pension fund, as declared in...
Mark Tami | 459 c718 (Link to this contribution) Is it not right that people should pay the tax that they are due to pay? If they argue that they are...
John Redwood | 459 c719 (Link to this contribution) Yes. I was going to come on to smaller enterprises, but so far I have been discussing very big compa...
Rob Marris | 459 c705-6 (Link to this contribution) That is certainly the case. I heard a claim the other day—I do not know whether it is true, but it i...
Sian C James | 459 c746-7 (Link to this contribution) I would like to take this opportunity to talk about how the Finance Bill will help to tackle child p...
Julia Goldsworthy | 459 c747 (Link to this contribution) Will the hon. Lady concede that the take-up of tax credits remains a key problem, as is identified b...
Sian C James | 459 c747 (Link to this contribution) I thank the hon. Lady for that intervention, but we must encourage people to take up any opportuniti...
Madeleine Moon | 459 c748 (Link to this contribution) Has my hon. Friend found that the child trust fund has led to a change among families? Young familie...
Sian C James | 459 c748 (Link to this contribution) I agree with my hon. Friend about that saving attitude. We must encourage people to take the availab...
Philip Dunne | 459 c742 (Link to this contribution) It is possible to have a test of why an individual is making an investment. If they are making the i...
Stewart Hosie | 459 c743-6 (Link to this contribution) The Chief Secretary, in his introductory remarks, said that the Treasury team was managing the econo...
Philip Dunne | 459 c739-41 (Link to this contribution) It is a pleasure to follow my hon. Friend the Member for South-West Hertfordshire (Mr. Gauke), who, ...
David Gauke | 459 c737 (Link to this contribution) The hon. Gentleman is missing my point. I am making inquiries of the Government about concerns, whic...
Stewart Hosie | 459 c737 (Link to this contribution) The problem with PFI is not simply the £169 billion-worth of payment liabilities, up from £142 billi...
Baroness Primarolo | 459 c742 (Link to this contribution) Perhaps the hon. Gentleman could explain whether he agrees with the proposition that people who make...
Lord Mann | 459 c741 (Link to this contribution) From my own practical business experience, I know that the one thing that infuriates honest business...
Philip Dunne | 459 c741-2 (Link to this contribution) The hon. Gentleman is right that it is appropriate to clamp down on specific schemes that are set up...
Lord Mann | 459 c737 (Link to this contribution) Many of the documents, especially PFI documents, are in the public domain, and I have studied large ...
Lord Mann | 459 c736 (Link to this contribution) The value of the hon. Gentleman’s contribution would be increased were he to give specific examples ...
John Redwood | 459 c727-8 (Link to this contribution) That is not a difficult question. Of course successful investment is welcome in an economy. Any meas...
Paul Farrelly | 459 c727 (Link to this contribution) Does the right hon. Gentleman agree that one of the problems with British business has been a lower ...
David Leslie Taylor | 459 c732 (Link to this contribution) The right hon. Gentleman mentioned Japan. Will he remind the House of Japan’s growth rate at the tim...
John Redwood | 459 c732-3 (Link to this contribution) It is true that, at the beginning of the period when Japanese rates were zero, Japan had no growth a...
David Gauke | 459 c736 (Link to this contribution) I shall turn to the position of small businesses in a moment, but my hon. Friend raises a legitimate...
Adam Afriyie | 459 c736 (Link to this contribution) Decisions to invest in capital equipment are made over a fairly long time scale, whereas the allowan...
David Gauke | 459 c734-6 (Link to this contribution) It is a great pleasure to follow my right hon. Friend the Member for Wokingham (Mr. Redwood), who ga...
John Redwood | 459 c733-4 (Link to this contribution) That would be a very enticing prospect, but I do not think that it is about to happen any time soon ...
John Bercow | 459 c733 (Link to this contribution) In suggesting that some tax rates might be particularly short-lived, my right hon. Friend raises the...
John Redwood | 459 c733 (Link to this contribution) I agree, Mr. Deputy Speaker. Of course, a previous Leader of the Opposition made such an apology, bu...
Speaker | 459 c733 (Link to this contribution) Order. Historical background to a debate is always interesting, but I think that we ought to come ba...
Paul Farrelly | 459 c733 (Link to this contribution) I might have missed it—it might not have been reported—but will the right hon. Gentleman remind us w...
Paul Farrelly | 459 c728 (Link to this contribution) I was discussing the issue of gas prices with the pottery industry and the British Ceramics Confeder...
John Redwood | 459 c732 (Link to this contribution) It is quite possible that house prices will be higher in 2010 than they are today, but I would not c...
Rob Marris | 459 c731 (Link to this contribution) The right hon. Gentleman mentioned earlier his personal views on certain taxation measures such as c...
John Redwood | 459 c730 (Link to this contribution) I am sure that that particular debate will be covered by my right hon. Friend the Member for Suffolk...
Paul Farrelly | 459 c732 (Link to this contribution) Is the right hon. Gentleman implying that he foresees the economic boom and growth in the country co...
John Redwood | 459 c731-2 (Link to this contribution) No, I do not think that it could be done in this Bill because the homework on whether it would be wi...
Mark Tami | 459 c730 (Link to this contribution) The right hon. Gentleman mentions a raft of measures that he believes could be taken. I believe that...
John Redwood | 459 c728-30 (Link to this contribution) It is certainly true that the spot price is now lower than when we had a crisis, but people are stil...
Paul Farrelly | 459 c730 (Link to this contribution) The right hon. Gentleman is making a thoughtful contribution. I would like to turn not to nuclear, b...
John Redwood | 459 c730 (Link to this contribution) I am wisely warned that that question invites me to stray rather far from the Finance Bill. If I can...
John Healey | 459 c754-5 (Link to this contribution) This has largely been a good debate, until the huff and puff from hon. Member for Rayleigh (Mr. Fran...
Mark Francois | 459 c755 (Link to this contribution) Perhaps the Financial Secretary can solve a mystery. As it appears that the only one of those develo...
John Healey | 459 c756 (Link to this contribution) The specific answer is that there are plans in Gallion Park in the constituency of my right hon. Fri...
John Healey | 459 c755 (Link to this contribution) The hon. Gentleman misses the point again.
David Gauke | 459 c736 (Link to this contribution) I suspect that such contractual matters are, to a large extent, confidential. I have been told by la...
Rob Marris | 459 c710-1 (Link to this contribution) Did my hon. Friend spot an apparent—and I think a real—paradox in the position expressed by the hon....
James Brokenshire | 459 c708 (Link to this contribution) The hon. Gentleman is drawing false parallels—perhaps understandably, to assert his case—but I certa...
Rob Marris | 459 c686 (Link to this contribution) The system that the hon. Lady proposes sounds awfully complicated. Referring to her earlier remarks,...
Doug Henderson | 459 c680-1 (Link to this contribution) The hon. Lady is right to raise that point, and I have no difficulty with it at all. The closer we c...
David Leslie Taylor | 459 c723 (Link to this contribution) While the right hon. Gentleman is in reminiscent mode, could he remind the House—perhaps this is par...
John Redwood | 459 c722 (Link to this contribution) No, that is one thing that I cannot tell the impatient Minister, because the publication of the repo...
Julia Goldsworthy | 459 c702 (Link to this contribution) The hon. Gentleman is making an important point. The Bill is concerned with revenue-raising measures...
Stewart Hosie | 459 c700 (Link to this contribution) The hon. Gentleman raised the question of pensions on the basis of the Conservatives’ amendment, whi...
Julia Goldsworthy | 459 c693 (Link to this contribution) Does that figure include pension credit, which one third of pensioner households do not claim?
John Bercow | 459 c661 (Link to this contribution) Stamp duty land tax relief for new zero-carbon homes was a feature of the Budget and is provided for...
Theresa Villiers | 459 c658 (Link to this contribution) The Chief Secretary appears to think that everything in the economy is rosy. Is he concerned that in...
Philip Dunne | 459 c742-3 (Link to this contribution) The right hon. Lady shakes her head, but that is the case. Mike Warburton of Grant Thornton has indi...
David Gauke | 459 c737-9 (Link to this contribution) The hon. Gentleman is leading me in the direction of a wider discussion of PFI, and he makes his poi...
Rob Marris | 459 c702 (Link to this contribution) I understand the hon. Lady’s point and will come on to how what I am talking about intersects with t...
Mark Francois | 459 c748-54 (Link to this contribution) It is a pleasure to sum up for Her Majesty’s Opposition following an interesting and at times lively...
Doug Henderson | 459 c671-2 (Link to this contribution) I am tempted to tell the right hon. Gentleman that a few more dockyards, shipyards, car plants, stee...
Doug Henderson | 459 c677 (Link to this contribution) I agree. When a product has many different inputs, the question is which bit we want to concentrate ...
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Finance Bill 2006-07
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