Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 9:45 pm on 10th March 1999.

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Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury) 9:45 pm, 10th March 1999

The hon. Gentleman is avidly reading the Red Book so he will see what we are doing in a whole range of areas—tackling the productivity gap, investing in skills, investing in small business and creating sustainable growth. That is precisely what the Government are about.

The Budget is locking in the economic stability that the Government are creating and sustaining. We are introducing a small business tax rate of l0p. We are rebuilding our public services with extra resources for school books and for accident and emergency departments. We are making work pay with a new l0p starting rate of tax and a cut in the basic rate of tax to 22p next year. Conservative Members say that, somehow, the disappearance of the 20p rate means that people are not better off, but they should study their figures a little more closely. People are better off as a result of the l0p starting rate.