(7 years, 7 months ago)
Commons ChamberThe hon. Gentleman is perfectly right in saying that I am a politician who advocates lower taxes, so I welcome the fact that this Government have cut national insurance contributions for small businesses and are cutting corporation tax for small businesses. There is a case to be made on VAT for many sectors of the economy, and that case will be made by the Wales Office, but there are no promises, I am afraid.
Does the Minister agree that one dividend of Brexit has been the fall in the pound against the euro, meaning that holidays in Wales are now 15% cheaper for our European friends?
Certainly I am more than happy to agree with my hon. Friend that tourism in north Wales has done extremely well over the past few months. Last week I spoke to hoteliers in Llandudno, who were saying that they have enjoyed 90%-plus occupancy during the summer, so there has been a Brexit dividend in that respect.