Part of Finance (No. 3) Bill – in a Public Bill Committee at 5:30 pm on 10 May 2011.
I am grateful to my hon. Friend for that observation.
Reports in April show that 186,554 UK businesses have been experiencing critical or significant financial problems—a rise of 26% over three months and of 15% in the previous 12 months. Companies that rely on discretionary spending are suffering particularly badly, as consumer spending falls. Corporation tax is critical for growth in our communities.