Peter Aldous
Main Page: Peter Aldous (Conservative - Waveney)Department Debates - View all Peter Aldous's debates with the HM Treasury
(2 years, 1 month ago)
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Kwasi Kwarteng
What I will confirm is that the top rate of tax has gone back to what it was before the hon. Lady entered the House, when the Labour party was successful and winning elections. That was the top rate for 20 years, and that is what we have gone back to.
Peter Aldous (Waveney) (Con)
In the Lowestoft and Great Yarmouth area there is already an enterprise zone that has been very successful, although the land allocated needs to be adjusted to take advantage of the opportunities in offshore energy and a revived fishing industry. Will my right hon. Friend confirm that the existing enterprise zone will benefit from the opportunities that will be provided for the investment zones that he has announced?
Kwasi Kwarteng
The enterprise zones, freeports and new investment zones will all benefit from tax reduction and planning relaxation. Of course, there will come a time when other places will want to become investment zones. This is a huge opportunity for communities up and down the country.