Business and Job Creation

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 11th December 2012.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 11:30 am, 11th December 2012

I have to say that the reaction to the autumn statement from the business organisations of Britain was very positive. It was warmly welcomed because we are maintaining control of the public finances, which is a prerequisite for stability and recovery, and because we are taking steps to cut the corporation tax rate and increase the annual investment allowances. I still do not know whether Labour supports the cut in corporation tax. Its Front Benchers have been sending out confused messages on that over the past couple of days. Perhaps we will hear from the shadow Chancellor when he gets to his feet.