Finance Bill

Robert Smith Excerpts
Tuesday 28th June 2011

(13 years, 4 months ago)

Commons Chamber
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Lord Hanson of Flint Portrait Mr Hanson
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If my hon. Friend looks at new clause 10, he will see that it calls for a general review of VAT and the impact on the economy. Out of that review could come, for example, a temporary reduction to 17.5%, as was called for by my right hon. Friend the Member for Morley and Outwood (Ed Balls), or there could be changes for certain sectors. The review could look at a range of issues to assess the impact of the increase on growth, jobs and living standards.

Robert Smith Portrait Sir Robert Smith (West Aberdeenshire and Kincardine) (LD)
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Given the arguments that the right hon. Gentleman is making, how does he intend to vote on the new clause moved by the hon. Member for Caernarfon?