Nigel Huddleston
Main Page: Nigel Huddleston (Conservative - Mid Worcestershire)Department Debates - View all Nigel Huddleston's debates with the HM Treasury
Finance (No. 2) Bill
Nigel Huddleston ExcerptsWednesday 21st February 2018
(6 years, 2 months ago)
Commons ChamberRead Full debate Finance Act 2018 View all Finance Act 2018 Debates Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: Consideration of Bill Amendments as at 21 February 2018 - (21 Feb 2018)
Nigel Huddleston (Mid Worcestershire) (Con)
My hon. Friend is making an important point. Conservative Members do not just obsess about some punitive rate for party-political purposes. The key is to grow the economy and maximise the tax take, so that we can then spend our money on public services. It is important to recognise the increased revenues from tax overall, rather than being obsessed with a particular rate.
Rachel Maclean
My hon. Friend is right. The spectre of the Laffer curve raises its head yet again, but it is a fact that lowering the tax rate increases the tax take. That is a fact that we have observed time and time again, and it has benefited our economy.