Clause 24
Finance (No. 2) Bill
11:00 am
John Healey (Financial Secretary, HM Treasury; Wentworth, Labour)
The hon. Lady is right to say that maintaining a competitive economy and tax system is a continuing challenge. She asked me about corporation tax projections, which are set out as normal in the pre-Budget report and the Budget. It makes no sense to strip out the corporation tax returns and projections from a particular sector of the economy as she tried to do. I remind her that the World Economic Forum’s most recent global competitiveness report ranked the UK as the most competitive of all the major European countries.