Early day motion tabled by primary sponsor Lord Beith (Liberal Democrat), on Wednesday, 12 January 1994, in the House of Commons. It is signed by 31 members in total.

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PRIME MINISTERS STATEMENT ON TAX INCREASES

That this House notes the recent statements made by the Prime Minister on Breakfast with Frost in which he expressed regret at having to raise taxes because of the recession after having made pre-election commitments to reduce taxes because of the recession after having made pre-election commitments to reduce taxes and stated 'I did not expect that we would have to put up taxes ... If I had thought that I would have indicated the reverse"; reminds the Prime Minister that the pre-election promises were made at the time when the recession was at least 25 months old and nearing its end, and that in April 1992 the public sector borrowing requirement for 1992-93 was projected by the Treasury at ??30 billion and rising; reminds the Prime Minister that at that time most forecasters estimated that at least half of that ??30 billion deficit was structural, implying that taxes would have to rise by some ??15 billion; and therefore notes that the Prime Minister's statements are in conflict with the economic realities fully known to him before the election and believes that he cannot evade his election promises so glibly.

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Secondary information

Type

Early day motion

Reference

330 

Session

1993-94

Subjects

Prime Minister Taxation Economic recession Major, John

Link

View this Early day motion on www.parliament.uk