Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Andrea Leadsom Excerpts
Tuesday 12th March 2013

(11 years, 1 month ago)

Commons Chamber
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Danny Alexander Portrait The Chief Secretary to the Treasury (Danny Alexander)
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I note that the shadow Chancellor did not refer to his opportunistic motion this afternoon, because we would have had a chance to refer to Labour’s record of welfare for the wealthy during their time in office: a lower rate of corporation tax than for the person who cleans the offices of the private equity fund manager; a lower top rate of tax of 45p during Labour’s 13 years in office; loopholes in the stamp duty system; and the 10p tax rate fiasco. We will take no lessons on tax fairness from the Labour party, and we will vote for our amendment that confirms Liberal Democrat support for a mansion tax.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
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Will my right hon. Friend update the House on what measures the Government are taking to put right the unbelievably poor regulation by the previous Government, and say what the permanent bank levy will do to improve revenues to the Exchequer, over the bank bonus implemented by the previous Government?