To ask the Chancellor of the Exchequer if he will assess the effect of tax competition in the European Union on revenues to the UK Exchequer; and if he will make a statement. (300316)

Tax developments in all EU member states are continuously monitored and taken into account when deciding tax policy.

The comparisons we make illustrate that the UK remains a competitive place to do business with the lowest corporation tax rate of the major G7 economies.

The Government remain committed to maintaining the competitive position of the UK.