Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 5:30 pm on 10th March 1999.

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Photo of Andrew Lansley Andrew Lansley Vice-Chair, Conservative Party 5:30 pm, 10th March 1999

A few moments ago, the right hon. Gentleman said that the Budget contained tax measures designed to help manufacturing. I am looking through the table of "Budget 99" measures. He will of course be aware, on behalf of manufacturing, of a further table in the Red Book listing a large number of additional measures, which were announced before "Budget 99"— in 1998 or earlier—and take effect after this Budget. I have found 14 measures that will increase taxes on business, totalling £2.8 billion for the year beginning 1 April 1999. So far, I have found three measures that will reduce tax by a total of £15 million. There is £2.8 billion in extra taxes and a reduction of £15 million, which is a pretty poor show.