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Amendment of the Law

Part of the debate – in the House of Commons at 4:42 pm on 19th March 2015.

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Photo of Andrea Leadsom Andrea Leadsom The Economic Secretary to the Treasury 4:42 pm, 19th March 2015

We are consulting on that, and further information will come out in due course.

To help the food, drink and hospitality industry, we are freezing wine duty, cutting beer duty by a penny a pint, and cutting duty on cider, Scotch whisky and other spirits by 2%. To help any business that depends on a car, a truck or a van—or even a pink bus—we are cancelling the fuel duty increase scheduled for September. This is the longest duty freeze in over 20 years, saving someone filling up a Ford transit van £15 at the pumps every time they fill the tank. To help our businesses expand internationally, we are putting ourselves forward to be a founding member of the Asian Infrastructure Investment Bank, and we are doubling our support for British exporters to China. These are all vital steps to improve Britain’s ability to export and to support those businesses that are returning Britain’s economy to health.

This is a Budget that helps businesses from a Government who understand businesses. This is a Budget that will help secure Britain’s economic future for years to come. This is a Budget that will deliver prosperity for all, and I commend it to the House.

Ordered,That the debate be now adjourned.—(Mr Vara.)

Debate to be resumed tomorrow.