Rachel Reeves – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Rachel Reeves on 2016-07-06.

To ask Mr Chancellor of the Exchequer, what the cost to the Exchequer has been of reductions to corporation tax since 2010.

Mr David Gauke

Overall cuts delivered to corporation tax will be worth almost £15bn a year to business by the end of this Parliament. This has enabled businesses to increase investment, take on new staff, increase wages, or reduce prices.

Official costings of any policy announcements can be found in Budget or Autumn Statement documents. The cost of the cut to 17% for instance can be found here:

https://www.gov.uk/government/publications/budget-2016-documents/budget-2016#policy-decisions