Richard Foord
Main Page: Richard Foord (Liberal Democrat - Honiton and Sidmouth)Department Debates - View all Richard Foord's debates with the HM Treasury
(2 years, 2 months ago)
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Kwasi Kwarteng
This is not the Soviet Union’s Gosplan. I cannot predict what the average wage will be, but I know that one way to destroy the economic productivity of this country is to raise taxes in the way she campaigned for over many years during her Corbynista days, or whatever. That is not the way to grow this country’s economy.
Richard Foord (Tiverton and Honiton) (LD)
I remind the Chancellor that security is the first responsibility of Government. How will today’s changes to corporation tax serve to reverse the cut of 10,000 soldiers, making the Army the smallest it has been since the Crimean war?
Kwasi Kwarteng
Corporation tax has not been changed; it is being kept at its current level. On defence spending, the hon. Gentleman will know that my right hon. Friend the Prime Minister has committed to a defence target of 3% of GDP by 2030, recognising the changing nature of the threats and the real importance of our armed forces.