Budget Resolutions - Income Tax (Charge)

Part of the debate – in the House of Commons at 4:55 pm on 31st October 2018.

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Photo of Andrew Bowie Andrew Bowie Conservative, West Aberdeenshire and Kincardine 4:55 pm, 31st October 2018

Exactly; we have done nothing. That was what the oil and gas industry was asking us to do. They want stability. Indeed, Oil and Gas UK has stated that the fiscally stable regime implemented and overseen by this Government, combined with our support for the sector and the industry’s own huge strides forward in cost cutting, slashing waste and pooling resources, has made the UK continental shelf one of the most attractive basins in the world in which to do business—something that we would not know from listening to the hon. Gentleman earlier on.

This was a great Budget for the people and businesses of the north-east of Scotland. Oil and gas, spirits producers, brewers and the fishing industry have all benefited from this Government’s decisions.

In Scotland, we have two Governments, sadly, and the contrast could not be starker. [Interruption.] Well, it is sad in terms of who is in government in Edinburgh. One is a nationalist Government, governing for their own base, focused on the central belt, focused on raising taxes, punishing aspiration, creation division and fostering grievance. The other is a Unionist Government, governing for the whole United Kingdom, backing business, rewarding hard work and supporting growth and aspiration. One is focused on ripping up our country, the other on growing it and helping our people grow with it. That is what this Government do, and that is what this Budget does, and that is why I am pleased to back it today.