Prime Minister's Questions
18th April 2012
On Wednesday George was lucky enough to be drawn in the ballot for PMQs and took the opportunity to highlight the importance of enterprise and new business formation. He profiled the growing scandal of Labour's Mayoral Candidate’s tax avoidance through a service company and urged it not to be confused with genuine entrepreneurship which deserves support.
“I’m sure I speak for the whole House in expressing support for entrepreneurship and the creation of new companies. But would my Right Honourable Friend agree with me that service companies set up by Labour politicians to disguise their hypocrisy on tax avoidance is a betrayal of real entrepreneurs up and down the land?”
George Freeman (Mid Norfolk) (Con): I am sure that I speak for many across the House in expressing support for entrepreneurship and the creation of new businesses. Does my right hon. Friend agree that service companies set up by Labour politicians to disguise their hypocrisy on tax are a disgraceful betrayal of real entrepreneurs up and down the country?
The Prime Minister: My hon. Friend makes a good point. The Opposition do not want to hear it, but the fact is that the man whom they are putting forward to be Mayor of London has set up a company to funnel all this money into and is potentially paying a lower tax rate than the people who would work for him at the GLA. It is completely disgraceful and even at this late stage I call on the Labour leader to get the Labour candidate to publish all the information so that we can see the tax that he is paying.