Personal Statement: Lord Davies of Oldham

– in the House of Lords on 22nd October 2007.

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Photo of Lord Davies of Oldham Lord Davies of Oldham Deputy Chief Whip (House of Lords), HM Household, Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)

My Lords, with permission, I should like to make a short personal Statement. On Monday last, 15 October, I was asked a question on corporation tax by the noble Baroness, Lady Noakes. In reply—Hansard at col. 523—I said that the reduction in the rate of corporation tax makes the British rate one of the lowest in the OECD. I had intended to say that it is one of the lowest in the G7. I apologise unreservedly to the House for that mistake.