Finance (No. 3) Bill

Debate between Mel Stride and Karen Lee

2nd reading: House of Commons & Programme motion: House of Commons
Monday 12th November 2018 Commons Chamber

[Karen Lee (Lincoln) (Lab)]

Will the Minister confirm the total cost to the Exchequer of corporate tax reliefs in the last financial year?

[Mel Stride]

What I can confirm to the House is that in reducing corporation tax from 28% to 19% since 2010, we have increased the yield from corporations, not just by a few per cent. but by 50% over that period. We are now talking about taxation, so let us ask: what is Labour’s plan? It is to put taxes up to 26% for large companies and to 21% for small businesses, which would be a full 50% increase in tax bills for large companies and a 25% increase in tax bills for smaller companies.

Finance (No. 2) Bill (First sitting)

Debate between Mel Stride and Karen Lee

Tuesday 9th January 2018 Public Bill Committees

[Ms Lee]

Will the hon. Gentleman give way?

[Mel Stride]

I will not, and the reason I will not is that we have a great deal of business to cover, as well as the fact that we might be straying slightly broader than the clause. I have given my reasons why I believe we should reject new clause 10—[Interruption.]