§ 23. Mr. William Powellasked the Chancellor of the Exchequer what financial and fiscal policies he is adopting to assist the growth of employment.
§ Mr. LawsonThe Government's medium term financial strategy provides the framework for declining inflation and interest rates over the medium term. This offers the best possible basis for a continuing recovery in output and employment.
Moreover, employment stands to benefit from the company tax reforms introduced in this year's Budget; with the abolition of the national insurance surcharge and the phasing out of first year capital allowances, two important sources of bias in the tax system in favour of capital against jobs are being removed.