Welsh Businesses

Part of Oral Answers to Questions — Wales – in the House of Commons at 11:30 am on 8 September 2010.

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Photo of Dame Cheryl Gillan Dame Cheryl Gillan The Secretary of State for Wales 11:30, 8 September 2010

I am sad that the hon. Gentleman has to ask such a question, but he knows that he has to because the last Government left this economy in tatters, and it has fallen to this coalition Government to put the economy back together again. As he well knows, we are providing an environment in which business can do business in the UK. We are reducing corporation tax by a penny each year, which will give us one of the lowest corporation tax regimes in the European Union, we have reduced the taxation regime for small companies, and we have incentives on national insurance for entrepreneurs setting up businesses. I can assure him that we are doing everything that we can to create a healthy environment in which businesses and private business can prosper.