Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 3:49 pm on 30th April 2002.

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Photo of Andrew Smith Andrew Smith The Chief Secretary to the Treasury 3:49 pm, 30th April 2002

We have made a judgment on the overall balance between the reduction of 0.3 per cent. in employers' national insurance contributions and the establishment of the fund. As I said, we have been reviewing the fund's operation. In making that overall judgment, the effects must be considered together.