Greg Knight
Main Page: Greg Knight (Conservative - East Yorkshire)Department Debates - View all Greg Knight's debates with the HM Treasury
(12 years, 7 months ago)
Commons ChamberMy right hon. Friend is absolutely right. He and I have discussed this matter with the Chancellor, who has spoken to us about it separately on a number of other occasions. We also went in a group of 11 colleagues to see the Exchequer Secretary to the Treasury, my hon. Friend the Member for South West Hertfordshire (Mr Gauke). The reason for our only being 11 was that we did not think that there would be room for more around the table; it was not due to lack of interest. There is enormous concern about this issue.
I am delighted to say that, when we debated the matter last week, the Minister agreed to extend the consultation. The Chancellor confirmed that it was a genuine consultation and that the Government would look at the evidence from us and from those out there in the industry—everyone should get involved in that—and would be prepared to look at the matter in the light of the impact that the measure will have.
During the extended consultation, which we welcome, it has come to light that Britain is now in the throes of the worst economic slump for more than a century. Is that not a compelling reason on its own for the Minister to say, “I have reflected on this matter. I have decided that this is the wrong tax at the wrong time, and I am dropping it”?
My right hon. Friend is right. He and many other Members on the Government Benches who would not dream of opposing the Government’s general strategy, or even most of the specifics, have such profound doubts about this one policy that they are asking the Treasury to think again.