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Clause 1 — Main rate of corporation tax for financial year 2011

Part of Finance Bill – in the House of Commons at 5:45 pm on 12th July 2010.

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Photo of Gavin Williamson Gavin Williamson Conservative, South Staffordshire 5:45 pm, 12th July 2010

I am obviously far below the pay grade of my hon. Friends on the Front Bench, but I am sure that they have great plans to make the tax system much fairer and more equal, right across the board.

One important thing that my hon. Friends have done is reduce corporation tax, which will help so many businesses. Most importantly, they have helped small businesses-it is often small businesses that have had the most difficult time over the past few years-which is something that I warmly welcome.

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