Budget Resolutions and Economic Situation
Debate between Lucy Frazer and Jeremy Quin(8 years, 10 months ago)
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Lucy Frazer
In a global economy, where companies can invest in any country they choose and base their operations anywhere around the globe, it is absolutely essential that we get companies to invest in our country. We are ensuring that that happens by setting a competitive rate of corporation tax.
Jeremy Quin
Does my hon. Friend, like me, welcome the OBR’s confirmation that business investment grew by 8% last year? It expects business investment to grow this year and next year. I think my hon. Friend has quite a lot of ammunition with which to respond to the hon. Member for East Lothian (George Kerevan).
Lucy Frazer
I am very grateful to my hon. Friend for his intervention. Investment in our country is growing, which is why we have an increase in revenues.
For all three reasons, this is a Conservative Budget that is a Budget for all. It is founded on principles that should command cross-party support.