To match an exact phrase, use quotation marks around the search term. eg. "Parliamentary Estate". Use "OR" or "AND" as link words to form more complex queries.

Keep yourself up-to-date with the latest developments by exploring our subscription options to receive notifications direct to your inbox

Speech in Commons Chamber - Wed 05 Nov 2014
Income Tax

"The hon. Gentleman argues that, if we put the 50p rate back in place, we would see a mass exodus of billionaires. It is not me who is saying that that would not happen; it is his coalition partners. The Lib Dems say that that would not happen; they do …..."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Income Tax
Speech in Commons Chamber - Tue 04 Nov 2014
Oral Answers to Questions

"20. One in four children across the UK lives in poverty while this Government allow £34 billion in unpaid tax to go astray. Does the Minister not see an urgency in collecting that tax so that he can eliminate that disgraceful statistic?..."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Tue 01 Jul 2014
Finance Bill

"Why does my hon. Friend think that the Government are so reluctant to produce this report if, indeed, they see the change as beneficial to all? We see this £160 million giveaway as being beneficial to only one particular group, and not our constituents...."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 01 Jul 2014
Finance Bill

"Is it not typical of the Government that they can find that £160 million while telling our constituents that times are still hard and they must tighten their belts? The cost of living is driving many of them to despair...."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 01 Jul 2014
Finance Bill

"My hon. Friend has described a number of desperate scenarios with which the Government could help to deal, but they have chosen the desperate scenario of a fund that has grown by 6.5% for the last four years and is worth trillions of pounds, and have decided to give this …..."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 01 Jul 2014
Finance Bill

"Does my hon. Friend agree that by accepting the new clause, the Government would give weight to their often recited argument that the broadest shoulders should bear the greatest burden? The new clause would put the burden on the shoulders best able to bear it...."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Finance Bill
Speech in Commons Chamber - Tue 01 Jul 2014
Finance Bill

"We are hearing people say, “Tax them less and they will pay more.” Why does that not work all the way down the tax scales? We are seeing middle-income families being sucked into higher tax brackets to pay for the lifting of the less well paid out of tax altogether...."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Finance Bill
Written Question

Question Link

Tuesday 6th May 2014

Asked by: Iain McKenzie (Labour - Inverclyde)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what fiscal steps he has taken to encourage manufacturing in the UK since May 2010.

Answered by Baroness Morgan of Cotes

With its long-term economic plan, this Government is committed to strong and sustainable growth that is balanced across the economy. Manufacturing is a vital part of this, and the Government has put in place a wide range of measures to improve the wider business environment and support this sector, including both tax reforms and direct support.

This Government has reduced the main rate of corporation tax to improve the business environment and attract investment: it is currently 21%, down from 28% in 2010, and will fall further to 20% in April 2015. Beyond this, support to manufacturing includes the Government committing £3.2bn to the Regional Growth Fund, over £1.5bn of support to specific sectors through theIndustrial Strategy, £345m to the Advanced Manufacturing Supply Chain Initiative, and over £200m to a Catapult centre on High Value Manufacturing. In the recent Budget the Government announced a package of measures to reduce energy bills for manufacturers and improve their competitiveness.

There is more to do, but the latest GDP figures and May's manufacturing PMI are encouraging.

Written Question

Question Link

Tuesday 6th May 2014

Asked by: Iain McKenzie (Labour - Inverclyde)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what fiscal measures he has taken to encourage small and medium-sized businesses in the UK since May 2010.

Answered by Baroness Morgan of Cotes

The government is committed to making the UK the best place in Europe to start, finance and grow a business and has introduced a number of fiscal measures since 2010 to encourage small and medium sized businesses.

The government has doubled the Small Business Rate Relief for every year of this Parliament saving businesses occupying small premises over £1.5 billion to date. The government announced additional business rate measures at Autumn Statement 2013, capping business rates increases at 2 per cent in 2014-15, and introducing a special discount of £1,000 for retail premises with rateable values below £50,000 in 2014-15 and 2015-16.

From April 2014 the £2,000 Employment Allowance is supporting small businesses aspiring to hire their first employee or expand their workforce. The government has also increased the payable Research and Development tax credit for loss-making small and medium sized businesses from 11 per cent to 14.5 per cent from April 2014, providing particular support for early-stage companies and start-ups.

Fuel costs are significant for many small businesses so the government has implemented the longest duty freeze for over 20 years. In total, by 2015-16 a small business with a van will have saved £1,300 and a haulier £21,000.

Speech in Westminster Hall - Wed 12 Feb 2014
Currency in Scotland after 2014

"It is a pleasure to serve under your chairmanship today, Mrs Riordan. I congratulate my hon. Friend the Member for Edinburgh South (Ian Murray) on securing this important debate. The choice of which currency to use is perhaps the single most important economic decision a country can take. That is …..."
Iain McKenzie - View Speech

View all Iain McKenzie (Lab - Inverclyde) contributions to the debate on: Currency in Scotland after 2014