Tommy Sheppard
Main Page: Tommy Sheppard (Scottish National Party - Edinburgh East)Department Debates - View all Tommy Sheppard's debates with the HM Treasury
Financial Statement
Tommy Sheppard Excerpts(2 years, 8 months ago)
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Rishi Sunak
I am pleased that, because of the actions of Conservative-led Governments since 2010, the state pension is £2,000 higher today; 700 of that is specifically because of the triple lock. That shows that this Government are on the side of pensioners.
Tommy Sheppard (Edinburgh East) (SNP)
The Chancellor is proposing to cut the value of state social security payments by at least 4% and putting up tax rates for those on average and below-average incomes, yet he refuses even to countenance asking those who have extreme wealth, or the corporations that are making obscene profits, to pay a little more. Is not the truth, Chancellor, that this is just a plan to increase inequality in the United Kingdom?
Rishi Sunak
We are asking companies—especially large successful companies—to pay more. That was announced last year and legislated for, and it will come into force next year. The corporation tax rate will rise from 19% to 25% to ensure that we do spread the burden fairly in recovering from coronavirus.