§ 24. Mr. Brandon-BravoTo ask the Secretary of State for Trade and Industry what representations he has received from industrialists about the level of taxation on business.
§ Mr. LilleyI receive a wide range of representations from industrialists about business taxation. Industry welcomed the 2 per cent. cut in the main rate of corporation tax announced by my right hon. Friend the Chancellor in his Budget statement. And it welcomes the fact that we have the lowest rate of corporation tax in both the EC and the G7.