Victoria Atkins
Main Page: Victoria Atkins (Conservative - Louth and Horncastle)Department Debates - View all Victoria Atkins's debates with the HM Treasury
(1 year, 5 months ago)
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The Financial Secretary to the Treasury (Victoria Atkins)
I thank the hon. Lady for her question. The Government received about £143 billion in the last financial year from value added tax, which helps to pay for the services that we all care about, such as the national health service, so strict restrictions have been placed on the goods that can be exempted from VAT. I understand her concerns, however, and I would be happy to meet her to discuss what other forms of support we can provide. For example, we can commend Tesco, which has taken the decision not to charge VAT on its products.
Greg Smith (Buckingham) (Con)
The noble Lord Berkeley in the other place has estimated that scrapping HS2 would save the British taxpayer £147 billion—more pessimistic estimates have the saving at £100 billion. With a day of difficult decisions coming up on Thursday, surely scrapping HS2 is an easy one?