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Proceeding contribution from Ed Balls (Labour) in the House of Commons on Tuesday, 4 July 2006. It occurred during Debate on bill on Finance (No. 2) Bill.


Finance (No. 2) Bill

I shall be happy to do so. If the hon. Gentleman were to ask me a written question, I should be happy to provide him with the figure, but I think that he will find that it is £100 million. The Revenue has much experience in such matters. We understand exactly the motivation behind the proposals. To be more precise, my estimate is that the figure would be upwards of £100 million, which may mean that the size of capital gains tax rise that the Liberal Democrats would need will creep up from £12.1 billion to £12.1 billion-plus. We are looking forward to hearing the details of the Liberal Democrats’ tax policies and how they intend to reconcile their commitment to supporting wealth, prosperity—


Secondary information

Type
Proceeding contribution
Reference
448 c729 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Disability Children Death Conservation Combined heat and power Annuities Dependants Environment protection Electricity generation Energy supply Divorce Excise duties Fuels Inheritance tax Income Mental illness Motor vehicles Oil Pollution Pensions Life insurance Petrol Scotland Religion Separation Taxation VAT Trusts Stamp duties Rural areas
Legislation
Finance (No. 2) Bill 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk