Taxation: Business Taxes

Part of the debate – in the House of Lords at 2:52 pm on 23 October 2007.

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Photo of Baroness Noakes Baroness Noakes Shadow Minister, Treasury 2:52, 23 October 2007

My Lords, we know that the Minister has a little trouble with OECD statistics, but he cannot have missed last week's OECD report that Britain is now among the 10 most taxed countries in the OECD, and of course the overall tax burden is set to rise even further. When will the Government wake up to the fact that our declining tax competitiveness is going to drive more businesses away and therefore harm our long-term growth prospects?