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 Andrew Smith Andrew Smith The Chief Secretary to the Treasury 12:00 am, 25th January 2001

We strongly support manufacturing industry. Nissan's announcement that it is to bring production of the new Micra to Sunderland has occurred partly because of our energetic efforts. I am sure that my hon. Friend will join me in welcoming that decision, about which we are very pleased. It is evidence of our commitment to success in manufacturing industry. He also mentioned the climate change levy, which has been carried forward in close consultation with industry. We have negotiated agreements on the levy with particularly energy-dependent industries. As my hon. Friend acknowledged, the levy is fiscally neutral, not only as a whole but within each sector. Moreover, we will generate jobs and help manufacturing by reducing national insurance contributions.