Sir Mel Stride

My right hon. Friend raises his point in his usual eloquent manner. That is a question for the Minister, and I hope that, when he rises to the Dispatch Box, he will rule out our concerns in their entirety. In the event that he cannot, perhaps he will choose to answer my right hon. Friend’s inquiry. Is it not the case that those in the Labour party have a clear misunderstanding because they have no business experience? Those on the Government Front Bench have no business experience in setting up companies or understanding the meaning of business taxes—the experience is simply not there. Labour will talk about taxing wealth, but does it not understand that if we tax wealth, we will get less of it? It has been estimated that about 15,000 high net worth individuals have left our country in the period in which this Government have been in power. A consequence of that tax just walking out of the door is that we will require somewhere around a third of a million to half a million people on average earnings to make up the difference. This is not a case of good riddance to wealth; the Government should—as the Conservative party would—encourage and turbocharge wealth at every turn.