Philip Davies
Main Page: Philip Davies (Conservative - Shipley)Department Debates - View all Philip Davies's debates with the Northern Ireland Office
(12 years, 7 months ago)
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Mr Swire
I think that this is an opportunity for the Chancellor to be given some credit for responding to what the Executive wanted and having air passenger duty devolved, which is good news for Northern Ireland. We want more flights into and out of Belfast, and we are on the right road towards achieving that. We have also saved the flights to Heathrow, which is good news for the businesses in the hon. Gentleman’s constituency.
Philip Davies (Shipley) (Con)
8. Whether he has made an assessment of the potential effect on the Northern Ireland economy of changing the corporation tax rate in Northern Ireland to that obtaining in the Republic of Ireland.
The Secretary of State for Northern Ireland (Mr Owen Paterson)
The low corporation tax rate in Ireland has been a key factor in attracting investment. The ministerial working group chaired by my hon. Friend the Exchequer Secretary is considering the potential impact of devolving the power to vary the corporation tax rate to the Northern Ireland Assembly.
Philip Davies (Shipley) (Con)
I know that the Secretary of State is, like me, a great believer in low taxes to stimulate the economy. What discussions has he had with the devolved Administration in Northern Ireland, and with the Treasury, to try to lower the corporation tax rate in Northern Ireland?
Mr Paterson
My hon. Friend will be pleased to hear—and the Leader of the Opposition will be delighted to hear—that, thanks to the reductions in corporation tax introduced by my right hon. Friend the Chancellor, 57,000 more people are in jobs in Northern Ireland than were in jobs before the election. The ministerial group is working closely with Ministers in the devolved Administration, the Northern Ireland Office and the Treasury to establish whether further steps could be taken to reduce corporation tax and devolve it to Northern Ireland, and we will report later in the summer.[Official Report, 21 May 2012, Vol. 545, c. 13MC.]