Graham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the Cabinet Office
(1 day, 14 hours ago)
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Jo Stevens
Plaid Cymru’s disastrous plans for independence will cost Wales £21.5 billion every year— over £11,000 for every working-age person in Wales or over £7,000 for every adult and child in Wales, every single year. The people of Wales deserve to know what public services Plaid Cymru will cut or what taxes it would raise to pay for its divisive, separatist plans?
Graham Stuart (Beverley and Holderness) (Con)
It is not just farmers but lots of other family businesses who are terrified for their future. Under the business property relief, a company worth £20 million would have to pay £4 million in tax, yet that responsibility falls not on the business but the person who inherits it, so they will have to extract another £4 million to pay that tax, crippling family businesses, crippling investment and hurting growth in Wales. That is true, is it not?
Jo Stevens
It is certainly not. The right hon. Gentleman will have heard of tax planning, and so will the people he has been talking about. Investment is up in Wales and we have had record inward investment in Wales, with a 23% increase on the previous financial year and a 30% increase in jobs created. The UK was the fastest growing economy in the G7 in the first half of this year. Businesses are growing, developing and creating jobs under this Government.