Rob Wilson
Main Page: Rob Wilson (Conservative - Reading East)Department Debates - View all Rob Wilson's debates with the HM Treasury
(12 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr George Osborne
What I find extraordinary is that we have a Labour MP supporting the idea that the very wealthiest people in this country pay no income tax. That is an extraordinary thing for a Labour MP to advocate. As I say, we have made reforms in the Budget to improve the tax system and to ensure that people at the very top of the income scale pay some income tax.
Mr Rob Wilson (Reading East) (Con)
T10. The Thatcher Governments unleashed a decade or more of enterprise in this country. Young entrepreneurs today are still key to a private sector-led recovery, but only 3% of 18 to 24-year-olds set up their own business. Will the Chancellor consider further support for the new enterprise allowance and other schemes to increase assistance to young entrepreneurs?
Mr Osborne
The new enterprise allowance has been introduced and already some 10,000 people are developing their own business ideas using the incentive of the allowance. As I set out in the Budget, we are considering the case for enterprise loans. The Government provide a loan for people going to university, but what about a loan for people who want to start their own business? We will come to the House with ideas on that subject later this year.