Autumn Statement

Lord McKenzie of Luton Excerpts

Wednesday 3rd December 2014 Lords Chamber

[Lord Deighton]

It 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.

[Lord McKenzie of Luton (Lab)]

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?

[Lord Deighton]

I think that other countries will be treated in exactly the same way.