Oral Answers to Questions

Robert Smith Excerpts

Tuesday 20th November 2012 Commons Chamber

[The Deputy Prime Minister]

As the hon. Lady knows, the proposals in Wales have been put forward on the back of the report published by the Silk commission this week, which advocates further tax devolution to Wales. We have said that we will look closely at those proposals. She will also be well aware that there is a long-standing debate in Northern Ireland about the freedom to set corporation tax rates, which would involve an arrangement different from the one that we have now. We have undertaken to look at that very carefully indeed, and there has been a succession of discussions and ministerial meetings on the matter. We will arrive at a definitive conclusion soon enough.

[Sir Robert Smith (West Aberdeenshire and Kincardine) (LD)]

One item on the Deputy Prime Minister’s list of priorities was party funding. Is it not crucial, in the light of the lessons that we can learn from the American presidential election, that the parties in this country should come together and agree on a sensible measure of party funding, so that we can have a balanced electoral system that means all the people getting involved in the elections?

[The Deputy Prime Minister]

I strongly agree with my hon. Friend. I do not think that anybody, on either side of the House, would want to see our politics being hollowed out by big money as has clearly happened in the United States. That is why cross-party talks are going on at the moment, although agreement has not yet been reached. We are all familiar with the difficulties involved. It will require a bit of political will and a bit of political courage to reach cross-party agreement, but I hope that we will be able to do that as soon as possible.