Karen Lumley
Main Page: Karen Lumley (Conservative - Redditch)Department Debates - View all Karen Lumley's debates with the Cabinet Office
(11 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Jones
Well, have I got news for my hon. Friend! The Silk commission has not yet completed its work; it will report in the spring of next year. The title “National Assembly” is used by the primary legislatures of countries such as France and South Africa, and also by the regional legislature of Quebec. The issue is what the legislature does, rather than what it is called.
Karen Lumley (Redditch) (Con)
12. What assessment he has made of the potential effects in Wales of the reduction in the rate of corporation tax to 20%.
The Secretary of State for Wales (Mr David Jones)
In total, the main rate of tax is set to fall by 8 percentage points under this Government. The United Kingdom will have the lowest rate in the G20, lower than most of our main competitors.
Karen Lumley
As well as reducing corporation tax, what else can the Government do to help small businesses in Wales?
Mr Jones
The reduction in corporation tax will be of immense benefit to Welsh small businesses. The Budget did, of course, announce that the national insurance employment allowance will benefit 35,000 businesses in Wales, with 20,000 of them taken out of paying national insurance contributions altogether.