UK Parliament / Open data

Finance Bill

Proceeding contribution from Catherine McKinnell (Labour) in the House of Commons on Wednesday, 2 July 2014. It occurred during Debate on bills on Finance Bill.

We are still at 2010; we will get to the present day in due course, but the hon. Gentleman seems to miss the point somewhat. Obviously, the Conservative party would like to airbrush out the unpleasant blip in 2010, when it almost abolished the investment allowance, and all the impacts that flowed from that, which were evident from the fall in business investment. That is the point that our new clause reinforces. The decision taken at that time was terrible. I do not know what the thinking was behind it—whether it had been planned for a long time by the Conservatives while they were in opposition, or whether it was simply a case of spitefully thinking, “It’s a Labour policy, so we will

reverse it”—but it had catastrophic implications. As the hon. Gentleman’s question indicates, they had to think again.

Type
Proceeding contribution
Reference
583 c933 
Session
2014-15
Chamber / Committee
House of Commons chamber
Subjects
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