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HMRC Impact Analysis: Customs

Part of the debate – in the House of Commons at 1:38 pm on 8th October 2019.

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Photo of Chris Leslie Chris Leslie Independent, Nottingham East 1:38 pm, 8th October 2019

To put this £15 billion figure in context, it is the equivalent of a 7% increase in corporation tax for those businesses and firms—or, to put it another way, the exact plan of the Labour leadership, were they to get into power and increase corporation tax. If the Minister shifts to the ideological fringes, he should not be surprised if he sacrifices any claim to be in the party of business.