Basic rate limit and personal allowance

Part of Finance (No. 3) Bill – in the House of Commons at 7:15 pm on 19th November 2018.

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Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury) 7:15 pm, 19th November 2018

Surely, the hon. Lady is aware that just about every analysis that has been done regarding the reason for the increase in corporation tax revenue says that it is due not to the reduction in rates, but to factors such as the banks’ return to profitability after the financial crisis, so it is not right to link the two.