New Clause 2 — Childcare

Part of Welfare Reform Bill (Programme) (No. 2) – in the House of Commons at 4:45 pm on 13th June 2011.

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Photo of Guto Bebb Guto Bebb Conservative, Aberconwy 4:45 pm, 13th June 2011

It is important to correct the record. I did not state that self-employed people were under-declaring their profits; I simply stated that the capital allowance system allows the self-employed, completely legally, to reduce their profits to nothing by purchasing an asset. That was the simple point that I was making.