Budget Resolutions - Income Tax (Charge)

Part of the debate – in the House of Commons at 6:44 pm on 31st October 2018.

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Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary 6:44 pm, 31st October 2018

I am happy to give the hon. Lady further details. We shall provide business rates retention, and we promised that in the spending review we shall consider whether it is possible to enhance the capital allowances. We have provided £14 million up front to ensure that two plots of land on the site are remediated so that jobs and investment can come in as soon as possible.

We have also announced new university-linked enterprise zones and a competition for more development corporations, starting with one we announced a month ago at Toton in the east midlands. We made an announcement about realising the potential of the Oxford-to-Cambridge arc of opportunity, with a new expressway and railway linking Oxford and Cambridge, and I am sure that the constituency of Daniel Zeichner, with whom I have spoken about it on a number of occasions, will benefit.

In Coventry, we will support the automotive sector. We are in regular conversation with JLR about the issues described by Mr Cunningham. In the Budget, we announced funding not only for Coventry as city of culture but, at the request of Mayor Andy Street, for a centre for autonomous vehicles in the city, which I hope will build on the great reputation of the automotive sector.