Yesterday, along with many other MPs and Cabinet Ministers I made my fourth visit to Newark to support Robert Jenrick, our Conservative candidate for the by-election. In the early hours of this morning we got the result we were fighting for! Robert will now join us in Parliament to work hard for his Newark constituents and we look forward to seeing him next week.
Britain now has one of the most attractive tax systems in the world with Corporation Tax falling to 20% next year. This is great because business people and investors are vital to the future of the UK economy. We should never be embarrassed about wanting to attract people who can come here to create jobs.
The Government has no money. Governments don't produce profits. High-net-worth individuals, businesses, pension funds and international wealth funds have the cash. We don't. That's why we must woo them, welcome them, give them a great reason for coming here and encourage them to invest this money in British businesses right now.
I am not advocating that the government drops all the austerity measures, starts borrowing huge amounts of money and cuts personal tax rates for the rich. But we do need to focus on the things we know will give our economy the boost it so desperately needs so that people have more money to spend to help our economy grow.