Finance Ministers’ Meeting (Ireland)
Debate between Laurence Robertson and Mark Hoban(14 years ago)
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Mr Laurence Robertson (Tewkesbury) (Con)
In the event of a request for assistance from European funds, does the Minister believe that Ireland should be allowed to set its own rate of corporation tax, with its low rate being a strength rather than a weakness?
Mr Hoban
As I said earlier, a number of aspects of Irish economic policy created growth, but I remind my hon. Friend, and Opposition Members, that the problems facing Ireland stem from a banking system that was not well regulated, which led to an asset price bubble. We have taken the right action in this country to tackle our deficit and to avoid having our credit rating put at risk.