Budget Changes Debate

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Department: HM Treasury

Budget Changes

Helen Goodman Excerpts
Monday 21st March 2016

(8 years, 7 months ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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My hon. Friend puts it extremely well. Last May, the British people endorsed our long-term economic plan and we have to stick to it.

Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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As the Financial Secretary to the Treasury has said, the cut in business rates has been welcomed by the small business community. In oral questions an hour ago, Department for Communities and Local Government Ministers said that local authorities would be completely compensated for that reduction, yet there is no sign of that in the Red Book either. Is this not simply another £1.7 billion black hole?

David Gauke Portrait Mr Gauke
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No, it is not. Local authorities will be compensated.