Value Added Tax

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 16 January 1997.

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Photo of Mr Roy Beggs Mr Roy Beggs , East Antrim 12:00, 16 January 1997

Is the Minister aware that jobs in my Constituency and throughout the United Kingdom could be put at risk by the proposed two-tier insurance rate of 17.5 per cent. and 4 per cent., granting special concession and privilege to the retail sector as against the rental sector, which services about 3 million in the less well-off sections of our community? Will he undertake to meet representatives of rental companies and hear from them how he can continue to achieve the same VAT revenue to the Exchequer while maintaining level competition between the two sectors?

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