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Proceeding contribution from Rob Marris (Labour) in the House of Commons on Monday, 24 April 2006. It occurred during Debate on bill on Finance (No 2) Bill.

Finance (No. 2) Bill

Not at all. The hon. Gentleman carefully qualifies his point with the adverb ““nearly””, which his hon. Friend did not do, and that makes the difference. It is necessary to be more exact when making such claims. The hon. Lady also claimed that the rising number of bankruptcies was evidence of her point. Bankruptcy is very sad in most cases, but she failed to mention that the Government have made it easier and more attractive to declare bankruptcy. I leave aside the issue of whether that was a desirable change, but it has been followed by—I posit that it is cause and effect, but I cannot demonstrate it empirically—a rise in the number of bankruptcies. That is more likely to be the driver in the rise in the number of bankruptcies than the level of personal debt.

Secondary information

Type
Proceeding contribution
Reference
445 c413-4 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Alcoholic drinks Charities Capital gains tax Aviation Corporation tax Computers Cars Climate change levy Fraud Families ICT Environment protection Gambling Income tax Film Exemptions Excise duties Exhaust emissions Landfill tax Inheritance tax Fiscal policy Investment trusts Economic situation Motor vehicles Oil Pensions Personal pensions Olympic Games Life insurance Passengers Pension funds PAYE Paralympic Games Small businesses Tax allowances Tax avoidance Taxation VAT Research Trusts Tobacco Dividend tax credits Stamp duties Tax rates and bands Skilled workers Wills Tax evasion Tax yields Productivity Stamp duty land tax Tax thresholds Real estate investment trusts
Legislation
Finance (No. 2) Bill 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk