Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Damien Moore Excerpts
Tuesday 24th October 2017

(6 years, 6 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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The right hon. Gentleman is correct to say that this matter is urgent and pressing, which is why we were so pleased that last week at the European Council the 27 agreed to start internal preparatory discussions for an implementation period. I am confident that we will be able to give businesses the confidence and certainty they need.

Damien Moore Portrait Damien Moore (Southport) (Con)
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T4. What estimate has been made of the effect on unemployment of the reduction in the corporation tax rate?

Mel Stride Portrait The Financial Secretary to the Treasury (Mel Stride)
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As I said earlier, we have cut corporation tax dramatically and as a consequence we raise 50% more in corporation tax today than we did in 2010.