Department for Business, Innovation and Skills (Performance) Debate
Full Debate: Read Full DebateDepartment: Department for Education
Lord Hanson of Flint
Main Page: Lord Hanson of Flint (Labour - Life peer)Department Debates - View all Lord Hanson of Flint's debates with the Department for Education
Department for Business, Innovation and Skills (Performance)
Lord Hanson of Flint Excerpts(13 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr David Hanson (Delyn) (Lab)
The right hon. Gentleman says that he is concerned about the approach of business to the deficit issue. Does business support the VAT increase, which the right hon. Gentleman himself opposed during the general election?
Vince Cable
Business—the CBI and all other businesses —has made it absolutely clear that it supports the tough action necessary for debt reduction. What Sir Richard Lambert went on to say was:
“Spending cuts do less damage to employment and growth…than do tax increases.”
I think that provides a very convincing answer to the right hon. Gentleman.