Clause 66 — VAT: refunds to certain charities

Part of Bill Presented – in the House of Commons at 3:00 pm on 25th March 2015.

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Photo of David Gauke David Gauke The Financial Secretary to the Treasury 3:00 pm, 25th March 2015

We have retained the confidence of the markets, and we have retained very low long-term interest rates. When we came to power, we were on a par with the likes of Spain and Italy; now, we are seen very much as a safe haven. The UK’s fiscal credibility has been maintained, and it would not have been had we stuck to Labour’s plans, even with a significant increase in the jobs tax.