This has been a most unusual week in Parliament. On Tuesday we had the Queen’s Diamond Jubilee address to both Houses of Parliament held in Westminster Hall. I was fortunate to secure a ticket both for the address and the Reception afterwards where I was presented to His Royal Highness Prince Philip. I thought the Queen struck exactly the right note and it was certainly a memorable morning.
On Wednesday it was back to normal politics and the Budget Statement. Thousands of families on basic rate tax will have an extra £220 a year to spend as a result of the increase in the personal allowance.
The announcement of a further reduction in corporation tax was particularly welcome as we need profitable companies to create new jobs. The news that GlaxoSmithKline are going to build a new factory here in the North West and creat hundreds of new jobs was hopefully a first sign that corporate Britain will react positively to this news.