Lord Foulkes of Cumnock
Main Page: Lord Foulkes of Cumnock (Labour - Life peer)Department Debates - View all Lord Foulkes of Cumnock's debates with the HM Treasury
Northern Ireland: Corporation Tax
Lord Foulkes of Cumnock Excerpts(11 years, 2 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Newby
My Lords, that is something that we will confirm once we have a final decision in Northern Ireland.
Lord Foulkes of Cumnock
My Lords, does the Minister agree that any decision in relation to Northern Ireland does not constitute a precedent for any other part of the United Kingdom because Northern Ireland is the only part of the United Kingdom that has a land border with another European Union country?
Lord Newby
My Lords, that is the reason why this has become such a big issue in Northern Ireland. The same considerations do not apply elsewhere in the United Kingdom, although I remind the House that the differential between the rate of corporation tax in Northern Ireland and the rate in the Republic of Ireland is now significantly less than it was when this Government came into office.