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Taxes on Small Businesses — [Ms Nadine Dorries in the Chair]

Part of the debate – in Westminster Hall at 3:15 pm on 18th October 2017.

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Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General 3:15 pm, 18th October 2017

To pursue the point a little further, I understand that the Labour party’s policies are to put up the corporation tax rate to 26%, whereas we are going down to 17%. The difference is a huge gulf—a huge additional tax burden on British businesses. Has the hon. Gentleman’s party conducted any analysis of the impact that that huge hike in taxation is likely to have on jobs, wealth creation, taxes and our ability to fund our public services?