Lord McKenzie of Luton
Main Page: Lord McKenzie of Luton (Labour - Life peer)Department Debates - View all Lord McKenzie of Luton's debates with the HM Treasury
(9 years, 8 months ago)
Lords ChamberIt is absolutely the Government’s policy to upgrade our infrastructure in the rolling stock. The Chancellor is the architect of the northern powerhouse, so his commitment to getting that done quickly and effectively for the north is right at the top of his priorities.
My Lords, the diverted profits tax is to be welcomed, although I suspect it will be difficult to implement. Can the Minister say whether it is intended to be applied to profits diverted from England to Northern Ireland and Scotland, should those countries end up with lower tax regimes?
I think that other countries will be treated in exactly the same way.