Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 27th January 2016.

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Photo of Jeremy Corbyn Jeremy Corbyn Leader of Her Majesty's Official Opposition, Leader of the Labour Party 11:30 am, 27th January 2016

My question was whether the Prime Minister thinks an effective tax rate of 3% is right or wrong. He did not answer it. The Chancellor of the Exchequer described this arrangement as a “major success”, while the Prime Minister’s official spokesperson only called it a “step forward”. The Mayor of London described the payment as “quite derisory”. What exactly is the Government’s position on this 3% rate of taxation?