Over the past year or two the Minister has frequently made the point, backed up by the European Commission on more than one occasion, that we have the most favourable income tax system for the low paid of any country in Europe. The budget has not affected this. People can use phrases such as "stealth taxes" or "tax drag" but it was important to maintain the low rates of 20% and 42% that we have achieved. I support fully the efforts of the Government in this regard. It was also important to honour, in the interests of predictability and reliability, the pledge to reduce corporation tax rate to 12.5%, which has been done.