Clause 2
Finance Bill
4:45 pm
Adam Afriyie (Windsor, Conservative)
I rise to speak to clause 2 largely from a business and economic perspective. The clause is certainly to be welcomed. In a competitive tax environment—to a certain degree, a global market in corporation tax, as it were—the United Kingdom needs to look at its corporation tax rates, particularly those for larger businesses, whose relocation would perhaps disproportionately affect their employees. I also welcome the recognition by the Government, and by the Chancellor in particular, that tax competition does exist, that there is a market and that we are part of that market, whether we like it or not.