Taxation

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 25th January 2001.

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Photo of Michael Connarty Michael Connarty Labour, Falkirk East 12:00 am, 25th January 2001

Does my right hon. Friend accept that we must consider not only the overall tax burden, although that is important, but timing and distribution? In particular, is he aware of the deep concern in manufacturing industry about the fact that the Government are to pursue the climate change levy? Although the levy is tax neutral—fiscally neutral—it will impose a burden on that sector. Perhaps we should be rethinking the timing of the measure, given the condition of manufacturing in this country.