I am grateful for the further intervention and it is interesting to hear the right hon. Gentleman cite Lord Lawson. I am not sure that the Labour party cited that example in its Budgets. There are various technical reasons, which have just been discussed, and which my hon. Friend the Exchequer Secretary will explain in his closing speech. The basic point is that our method is more business-friendly.
As a first step, clause 1 reduces the main rate of corporation tax from 28% to 27% from
Taken together, those measures offer a stable and consistent platform for a private sector recovery.
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