(8 years, 5 months ago)
Commons ChamberObviously, I cannot give that assurance today, but we heard during the campaign from those who were arguing we should leave that we ought to try to do everything we can to help disadvantaged areas of the country—those in receipt of grants, farmers and the rest of it—with the best situation we can. I am sure that that is what will happen.
There has been no mention of Wales yet in this debate and we have been speaking for one hour and 38 minutes. Will the Prime Minister agree to speak out for our future prosperity and commit, as best he can, to Wales’s place in the European economic area?
Certainly. I mentioned Wales in my statement, and I have spoken to Carwyn Jones, the First Minister. Indeed, I appeared on a platform with him and the hon. Member for Cardiff South and Penarth (Stephen Doughty), but, sadly, that trio, brilliant though it was, was not enough to convince the people of Wales to vote to remain. It is important that we make sure that the Welsh voice is heard loud and clear. Wales has benefited from a lot of inward investment from companies that want to come to invest in Britain because we are in the single market. I would say to all those businesses that it is worth making sure that their voice is heard as we work out the best plan for the future.
(8 years, 8 months ago)
Commons ChamberThe point is that we raised an extra £12 billion in the last Parliament, and we want to raise another £16 billion in this Parliament, stretching out to 2021 the figures that I gave. Also, by having a lower rate of corporation tax, we have actually seen more corporation tax come in. Low tax rates, but tax rates that people pay—those are our watch words.
We have heard that the rule of law is paramount. The Government control what is legal and illegal in tax law. Can the Prime Minister guarantee that the law will make offshore tax dodging in all its forms illegal?
Evading tax is already illegal, whether it is done in the UK or elsewhere. The point that I have been making is that we need to have this information sharing and the ability to look at information in these jurisdictions, in order to see whether people have been evading tax, and that is what we are now getting. But we should not use that to say that it is wrong for people, trade unions, companies or pension schemes to invest in unit trusts listed in other countries, because that is a perfectly normal way of investing.