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Kwasi Kwarteng

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Stephen Lawrence
Tuesday 24th April 2012

(12 years, 10 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng (Spelthorne) (Con)
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To what extent does the Minister believe that having the top rate of tax in the G20 helps British competitiveness?

David Gauke Portrait Mr Gauke
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It clearly does not. It is striking that, as the HMRC report showed, the number of UK citizens moving to Switzerland rose by 29% when the 50p rate was introduced. It does nothing for our competitiveness. It does nothing to raise money. It was a failure of a policy.

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