Part of Prime Minister – in the House of Commons on 29th June 2022.

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Photo of Dominic Raab Dominic Raab Deputy Prime Minister, The Lord Chancellor and Secretary of State for Justice

My hon. Friend makes an important point about driving growth and the economy, which is why we are cutting taxes with the 130% super-deduction for capital investment. That will create not just good jobs, but well paid and better paid jobs, by boosting productivity. That is why we are increasing the employment allowance, which represents a tax cut of £1,000 for half a million small businesses, and that is why we have provided business rate relief of £7 billion over the next five years. Of course, just next month we are cutting national insurance, worth £330 for a typical employee.