Iain McKenzie
Main Page: Iain McKenzie (Labour - Inverclyde)Department Debates - View all Iain McKenzie's debates with the HM Treasury
(10 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Exchequer Secretary to the Treasury (Mr David Gauke)
We remain committed to introducing video games tax relief as soon as possible and we are working with the industry to provide the Commission with the evidence that it needs to conclude its investigation quickly. These things can take a little time, but we have a history of succeeding in implementing new and innovative forms of state aid.
Mr Iain McKenzie (Inverclyde) (Lab)
T3. Since the Chancellor’s last spending review the US economy has grown four times faster than the UK’s. Is this not further evidence of the Chancellor’s failed policies?
Mr George Osborne
The US fiscal consolidation is faster this year than the UK consolidation. The structural deficit in the UK has fallen by more than in the US. But look at the UK—we have created over a million new jobs in the private sector. That is one of the most impressive employment records anywhere in the world.