John Baron
Main Page: John Baron (Conservative - Basildon and Billericay)(12 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Vince Cable
The Chancellor is doing a great deal of that. Indeed, he is trying to create an encouraging tax environment for business. Of course, what we have to do—and what he is doing—involves a trade-off between specific incentives and producing an over-complicated tax system, about which I know that the hon. Gentleman, with his detailed knowledge of the sector, would be the first to complain.
Mr John Baron (Basildon and Billericay) (Con)
Given that growth is a key objective, will the Secretary of State cut at least some of the funding for infrastructure projects, as we cannot export bridges, roads or houses, and instead fund tax cuts for small and medium-sized enterprises to encourage them to grow? That is a more sustainable way of reducing unemployment, particularly if the dead weight of regulation is reduced, too.
Vince Cable
I may need to reflect on the question, but I do not think that there is a strong argument for cutting back on infrastructure, as efficient infrastructure is crucial to the efficiency of the economy. I might have misunderstood the question, however.