Scotland Bill

Debate between Stewart Hosie and Mark Lazarowicz

Tuesday 21st June 2011 Commons Chamber

[Mark Lazarowicz]

I want to be clear about what the hon. Gentleman is saying. He said that if there were to be a devolution of corporation tax and the ability to vary it, an appropriate change would be made to the level of the block grant. Does he mean that if corporation tax were reduced in Scotland by £1 billion, an equivalent £1 billion reduction would take place in the block grant? Is he talking about a like-for-like reduction?

[Stewart Hosie]

It has to be initially to get this kicked in. At that point, the Scottish Government are rightly responsible for their revenue raising and their tax spending within it. That is normal, grown up and quite appropriate.

--- Later in debate ---

[Stewart Hosie]

Not at this point.

New clause 9 would allow for the introduction of an additional devolved tax charged on the profits of companies, and would require such a proposal to be placed before both Houses of Parliament.

[Mark Lazarowicz]

Will the hon. Gentleman give way on that point?

[Stewart Hosie]

No, not on that point.

--- Later in debate ---

[Stewart Hosie]

I am glad that the Minister agrees with my direction of travel. What I am saying is that the Scottish Government would have to take responsibility for the consequences of Scottish Government policy, as is right and proper.

[Mark Lazarowicz]

rose—

[Mr Reid]

rose—