Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 28th March 2007.

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Photo of David Cameron David Cameron Leader of Her Majesty's Official Opposition, Leader of the Conservative Party 11:30 am, 28th March 2007

What business is interested in are the tax rates that it is going to have to pay now, and they are going up. The Prime Minister quotes the foreign direct investment figures, but does he not know that half of that is accounted for by one company—Shell—undergoing restructuring? Perhaps he ought to bother to read the Budget. The Forum of Private Business said that it would "further burden" them. The British Chambers of Commerce says that it is

"damaging for small and medium sized business".

The Federation of Small Businesses said that those businesses feel "dismay", and two thirds of small businesses say that the Budget will have a damaging effect. I choose to believe them, rather than him. The right hon. Gentleman has only 12 weeks left as the First Lord of the Treasury. Instead of the pointless search for the Environment Secretary's backbone, why does he not use that power and withdraw that tax hike?