Oral Answers to Questions

Debate between Baroness McIntosh of Pickering and David Gauke

Tuesday 27th January 2015 Commons Chamber

[Mr Gauke]

We have turned the British economy around, and we grew faster in 2014 than any major western economy. Employment is increasing and unemployment is falling, including by 40% since 2010 in the hon. Gentleman’s constituency. That is a success.

[Miss Anne McIntosh (Thirsk and Malton) (Con)]

12. What recent representations he has received on creating a northern powerhouse.

Oral Answers to Questions

Debate between Baroness McIntosh of Pickering and David Gauke

Tuesday 10th September 2013 Commons Chamber

[Miss Anne McIntosh (Thirsk and Malton) (Con)]

7. What his policy is on the payment of corporation tax by foreign-based companies; and if he will make a statement.

[The Exchequer Secretary to the Treasury (Mr David Gauke)]

The Government are committed to creating the most competitive corporation tax regime in the G20 to support investment that drives economic growth. We want a system that is stable and fair with all companies abiding by the rules and making their contribution. We are cutting the rate to 20% by 2015, clamping down on avoidance and aggressive tax planning and driving forward multilateral efforts to modernise the international tax framework.

[Miss McIntosh]

Will my hon. Friend join me in celebrating the water industry, a flagship industry since its privatisation over 20 years ago? Will he explain to the House the benefit to consumers of deferring corporation tax against current foreign investment received?

[Mr Gauke]

We need investment in infrastructure, including water and my hon. Friend is right to highlight the work being done on that. We want a tax system that ensures that everybody pays their fair share, but also encourages that type of investment.