John Baron MP questions Chancellor over Autumn Statement

MP suggests reduction in UK’s EU contributions to fund small business tax cuts

 Today in the House of Commons the Chancellor outlined in his Autumn Statement the prospects for the UK economy and additional measures the Government is introducing to encourage growth. John Baron MP pressed the Chancellor to reduce the UK’s enormous net contribution increases to the EU over the next 7 years – this will cost around an extra £20 billion. John suggested this money should fund cuts in the Small Enterprise Corporation Tax.

 John said:

 “I know the Chancellor will heed no lectures from the Labour Party given that it more than doubled the National Debt when in office. However, will he seek to reduce the massive increase in the UK’s net contributions to the EU which will cost us around £20 billion, and instead use this to fund a 5p cut in small business corporation tax.”

 The Chancellor said in response that there were bearing down on the EU’s budget.

 John said afterwards:

 “The Chancellor is right to encourage greater growth in the UK economy. But a 5p cut in small business tax would be a great spur to the economy and local jobs. This is what is needed now.”