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Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 3:25 pm on 20th April 2004.

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Photo of Doug Henderson Doug Henderson Labour, Newcastle upon Tyne North 3:25 pm, 20th April 2004

I am pleased, Mr. Deputy Speaker, that you have kept the hon. Gentleman and me in order. I was simply trying to address the full capacity issue, which has been raised and is important.

The Finance Bill is designed to steer our economy towards higher productivity, in line with the issues that have been mentioned from the Front Bench, including the use of our increased resources to fund investment in education and important social expenditure. Some would say that there is very little in the Budget that changes things, but that is not a crime for a Budget. I do not believe in changing regulations if they do not need to be changed. The important thing is that the macro-economic strategy is right, and the Budget reinforces that.

This Finance Bill will help to maintain stability. It will contribute towards raising productivity in our economy, and it is fair. For those reasons, I commend it to the House.