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Surplus Target and Corporation Tax

Part of the debate – in the House of Commons at 4:27 pm on 4th July 2016.

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Photo of Helen Goodman Helen Goodman Labour, Bishop Auckland 4:27 pm, 4th July 2016

Cutting corporation tax in this way is highly likely to annoy our EU partners, which is extremely foolish in the run-up to the article 50 negotiations. Would not a better way of averting the risk of recession be to promise to replace the EU funds we are going to lose, and which were such an important part of the northern devolution deals?