Bankers’ Bonuses

Part of Treasury – in the House of Commons at on 11 October 2022.

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Photo of Andrew Griffith Andrew Griffith The Financial Secretary to the Treasury

I can assure the hon. Lady that this Government are going to grow the economy. We will grow the economy by releasing the burden, or the yoke, of taxation, whether that is on ordinary people by cutting the basic rate of tax from 20p to 19p, or by today reversing the increase in national insurance, or by cutting the taxes on the businesses that she has been meeting—I welcome that—by reversing the increase in corporation tax next year.