Department for Business, Innovation and Skills (Performance) Debate
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David Hanson
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Department for Business, Innovation and Skills (Performance)
David Hanson Excerpts(13 years, 3 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.