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Part of Finance (No. 3) Bill – in the House of Commons at 5:00 pm on 19th November 2018.

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Photo of Julian Knight Julian Knight Conservative, Solihull 5:00 pm, 19th November 2018

My hon. Friend is completely correct. The realities are that the more tax people keep in their pockets—the more of their earnings they keep, without that money going through the Government filter—the more efficient it is, the better it is for the economy, and the better it is for what is known as the multiplier effect through a local economy. My hon. Friend’s on-the-ground view, reported here in Committee, is testament to why the process really benefits high streets and wider local economies.