Craig Tracey
Main Page: Craig Tracey (Conservative - North Warwickshire)Department Debates - View all Craig Tracey's debates with the HM Treasury
(7 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Philip Hammond
As the hon. Lady may know, I take a clear view about the confidentiality of conversations between Cabinet Ministers—[Laughter.] While I have had many conversations with my right hon. Friend the Secretary of State for Transport, I make it a rule that it is for departmental Secretaries of State to make announcements when appropriate.
Craig Tracey (North Warwickshire) (Con)
Does my right hon. Friend agree that lowering corporation tax to 19% has incentivised business investment in North Warwickshire and Bedworth by companies such as Aldi, which has its headquarters there, and throughout the UK?
Mel Stride
My hon. Friend is right, and he is rightly a champion of business in his constituency. There is no doubt that lower taxes create wealth and in turn pay for the public services that we all desire—contrary to the party opposite. I share one exchange with the House—when my hon. Friend the Member for North East Somerset (Mr Rees-Mogg) asked the shadow Chief Secretary if he was
“aware that tax as a percentage of GDP is going to be at its highest level since Harold Wilson was Prime Minister?”,
his response was:
“Let me put it like this: if we had a Labour Government, the percentage would be even higher.”—[Official Report, 18 April 2017; Vol. 624, c. 579.]