Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 13 May 1999.
My right hon. Friend will know that the climate change levy is deemed to be tax neutral, because of the associated national insurance rebate, but does he recognise that there is a severe threat that jobs in the high-energy industries will be transferred abroad? That would be a severe penalty, and there would be no environmental advantage from it. I hope that that will be taken note of in the discussions that are taking place; I know that the Government are anxious to preserve jobs in this country.