Economic Update

Toby Perkins Excerpts

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

Yes and yes.

[Mr Toby Perkins (Chesterfield) (Lab)]

First, when the Chancellor rises to respond to this question, will he withdraw the claim that Labour opposed furlough? We did not—we supported it. Secondly, the previous Chancellor took the view that if we reduced corporation tax more money came back in revenue. Indeed, in his own short-lived leadership contest the Chancellor seemed to be saying the same thing and proposed even greater cuts to corporation tax. Will he now tell us whether he believes that an increase in corporation tax will raise more revenue or, as he has previously said, less?