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Income Tax (Charge)

Part of the debate – in the House of Commons at 4:47 pm on 12th March 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury 4:47 pm, 12th March 2020

There have been so many interventions and I simply cannot cover all the speeches if I take an intervention now. I know that the hon. Lady will excuse me. We gave the party opposite the chance to intervene.

We are delivering a £20 billion patient capital action plan to unlock private financing in high-growth innovative companies, and we have established a regulatory system that strikes the balance between responsibility and opportunity to allow us to embrace the most exciting ideas in technology.

Let me touch on many of the important speeches that have been made today. Alison Thewliss raised the question of Barnett consequentials and, if she looks at page 49 of the Red Book, she will find them in paragraph 1.159.

Mr McFadden raised the question of human capital. I know that he will be thrilled that we have a £2.5 billion skills fund—