Finance Bill

Debate between Andrew George and Ian C. Lucas

Monday 12th July 2010 Commons Chamber

[Ian Lucas]

I commend the hon. Gentleman on tabling the amendment, but will he clarify the reference to

“all other sectors to which corporation tax applies”?

Does he think it would be helpful if that assessment took into account, for example, the effect of the reduction in capital allowances when making judgments about whether that is a wise course to take?

[Andrew George]

I am not sure that I am qualified to advise, but I am sure that the hon. Gentleman is right. If the Treasury could be encouraged to adopt this approach, I hope that it would at least ensure that it was sufficiently free-ranging to deal with any of the consequential behavioural activities that might arise as a result of such proposals.