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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 James Cartlidge James Cartlidge Conservative, South Suffolk 4:27 pm, 4th July 2016

I welcome the commitment to lower the corporation tax rate, but may I echo the point made by my hon. Friend Kit Malthouse about the need to look at our corporation tax regime in the round? I recently visited Lavenham Press, a printing company in my constituency, whose representatives pointed out that capital allowances had been cut. Given the importance of manufacturing, may I ask my right hon. Friend at least to keep the issue of capital allowances under review?