Amendment of the Law Debate

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Department: HM Treasury
Wednesday 23rd March 2011

(13 years, 8 months ago)

Commons Chamber
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Lord Jackson of Peterborough Portrait Mr Jackson
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That is one viewpoint from one group of people. Others, such as Baker Tilly, the tax accountants, say that it is an excellent Budget. So do the CBI, the OECD, other industry groups, house builders and others. [Interruption.] I am glad the hon. Lady thinks it is humorous that people are supporting my right hon. Friend’s Budget.

Gareth Johnson Portrait Gareth Johnson (Dartford) (Con)
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One group of people who will welcome the measures in the Budget today is motorists. Does my hon. Friend agree that the measures cutting fuel prices ensure that petrol prices will not only not affect motorists directly, but will not have an impact on the price of goods in the shop, which in turn will assist middle England?

Lord Jackson of Peterborough Portrait Mr Jackson
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My hon. Friend makes an apposite point. I lobbied the Chancellor myself, I campaigned for the policy and I am glad that he has listened to the views of people, many of whom rely on the car to travel to work. It is a matter of public record that had Labour been re-elected in May last year, petrol prices would have been going up an extra 6p. That would be the price of Labour’s profligacy.

I am delighted that we are taking more poor working people out of tax, and that we are creating local enterprise zones to drive regeneration in some of the more difficult economic areas of Britain. I am delighted, too, that we are tackling corporation tax and creating conditions in which business wants to relocate to the UK and create jobs.