Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Lord Hanson of Flint Excerpts
Tuesday 24th April 2012

(12 years, 6 months ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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I agree with my hon. Friend. I am sure that he would agree with me that the Vickers report on the banking sector does precisely the first thing he mentioned, and that our approach to corporation tax—reducing headline rates year by year to the lowest level in the G7 and one of the lowest levels in the G20—precisely achieves the objective that he set out.

Lord Hanson of Flint Portrait Mr David Hanson (Delyn) (Lab)
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Will the Chief Secretary tell the House whether he read the explanatory notes on his VAT on caravans proposal? If he did read them, why on earth did he support a proposal that reduces demand in manufacturing by 30% and hits tourist industries, such as those in my area, 100%? Will he now review it?

Danny Alexander Portrait Danny Alexander
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Of course I did read the explanatory notes. The right hon. Gentleman will know that we have listened to the representations in favour of extending the consultation period and have extended the deadline to 18 May to enable individuals such as him, and his constituents, to make representations as part of that consultation.