(11 years, 1 month ago)
Commons Chamber9. What assessment he has made of the potential effect on the Welsh economy of varying the current level of taxation in Wales.
The power to vary tax is an important way of driving economic growth and ensuring that Governments are accountable for the way they spend money. We will devolve certain taxes to the Welsh Assembly and Welsh Government and provide for a referendum, so that people in Wales can decide whether some of their income tax should be devolved, as in Scotland.
I thank my right hon. Friend for that answer. Could he explain what role devolving stamp duty land tax will play in stimulating the housing market in Wales, including in rural places such as Llanbedr Pont Steffan? Does he agree that the expansion of the Help to Buy scheme—
Will the scheme help not only aspiring home owners in Wales, but my constituents in Lincoln?
(11 years, 11 months ago)
Commons Chamber10. What assessment he has made of the Government’s income tax policy so far as it relates to Wales.